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MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 30 September 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

Home prices in July rise nearly 20%. Bed Bath and Beyond shares fall more than 25% on falling store traffic and “pervasive” problems with supply chain. Matt Argersinger, lead investor for Millionacres (The Motley Fool’s real estate investing service), analyzes those stories and shares how he’s learned to embrace the volatility of months like September.

Transcript

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0:00.0

It's Thursday September 30th. Welcome to Market Foolery. If, like, Green Day, you would

0:08.2

like someone to wake you up when September ends. Good news. The end is finally here. I'm

0:13.5

Chris Hill with me today. First time in a while, Matt Argusinger. Thanks for being here.

0:18.6

Oh, happy to be here, Chris. Thanks. This has not been a good month, and we're going to

0:23.5

talk about that. I love you. You have me back on when, you know, there's bad news in

0:28.4

the market. That's not great for you. I wanted to talk about home prices, and that's

0:38.0

what we're going to talk about first, because I've talked to you a couple of times over

0:42.4

the summer on Motley Fool Money. The first time was early May, and I remember we recorded

0:50.1

the interview earlier in the week, a couple of days before the show, and then over the

0:55.3

next couple of days when I told people I had interviewed you, everybody had the same question,

1:02.8

which was essentially, what does Matt think about home prices? Home prices are crazy. What

1:08.6

did he say about that? And in some cases, it was people that we work with who were looking

1:13.3

to buy a home, and the market there in is crazy, and they're like, should I hold off for

1:19.6

a few months? And I told everyone that I had asked you that question, and you basically

1:25.2

said, no, this isn't cooling off anytime soon. And the other day, we got the latest data

1:30.6

that you were right. Home prices in July, up nearly 20% on an annual basis. And this

1:38.9

really shows no sign of cooling off. There are a couple of things I want to get to, but

1:43.6

I guess my first question is, when the data came out, I'm assuming you were not surprised,

1:51.9

did anything stand out to you in terms of what we're seeing right now, in terms of the

1:57.2

latest data we have on home prices?

2:00.7

Well, I think I was a bit surprised. I mean, I've been expecting the home market to stay

2:07.7

strong, as we've talked about. But the sheer size of the increase has been pretty impressive.

...

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