30-year mortgage rates NOW beginning to exceed 5%, application demand is dropping, lenders are beginning to trim their workforce, and, some even think that rates could hit as high as 8% by 2025….leading, of course, to the assumption that the housing market has peaked.

FIRST: RISING RATES

No matter what happens…the CME gives an 87% probability that the Federal Reserve will increase their key interest rates to 2-2.25% by the end of the year…which, is roughly 8x HIGHER than were we stand today, and - would lead to the “Sharpest Pace of Fed Tightening Since 1994.”

Long term, a survey from the New York Federal Reserve found that “most households expect the interest rate on a 30-year fixed-rate loan to increase to 6.7% next year and reach 8.2% by 2025” - although, the National Association of Realtors believes that the market has ALREADY factored in “all the possible rate hikes,” and therefore…we should expect to see around 5.5% mortgages throughout most of 2023.

SECOND: RISING INVENTORY

The chief economist of Realtor.com says that: “We may see a slower pace of sales in the fall, because rising mortgage rates are pushing up housing costs.”

Zillow believes that: “The stock of existing homes on the market is finally starting to refill, as our March data shows total inventory now rising strongly.”

Redfin states it might be a NET-NEUTRAL, because “higher interest rates will lead to a lock-in effect for homeowners, so they may not list. And it also might reduce demand from home buyers, especially for people really sensitive to prices.”

THIRD: HOME SALES

Throughout February, home sales actually DROPPED 2.7%…and, in March, they dropped another 4.1% - meaning, fewer buyers are purchasing properties now that mortgage rates are increasing. According to Redfin, 12% of homes on its site saw sellers cut prices in the week ending April 9. That was the biggest one-month spike Redfin saw in price cuts since 2015

I recommend this book to be a 10/10.. I'm such a critic when it comes to reviewing things but this book for sure changed the way I see the world. Might sound like click bait but I stand by this book.

Thank you all again.

New series : book series

THE NEW SERIES WILL BE SUBSCRIPTION BASED ONLY

Do you feel like the day is running you ? Make sure to plan your day the night before OR the morning of your day to help build structure in your day. 

Tesla CEO Elon Musk faces a tax bill of more than $15 billion in the coming months on stock options, making a sale of his Tesla stock this year likely regardless of the Twitter vote.

Musk asked his 62.7 million Twitter followers over the weekend whether he should sell 10% of his Tesla holdings. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted.

The Tesla CEO said he would “abide by the results of this poll, whichever way it goes.” The results were 58% in favor of selling and 42% against, suggesting he will sell the shares.

I am still a computer science student.. becoming a software engineer. It has been a long fu**ing journey. Hopefully I can listen back on this episode and know how much i've come. I'm trying to build a community, ill soon be announcing the facebook for this podcast. 

The first couple minutes is me explaining my thoughts on this podcast. The rest of this episode is me explaining about helium mining and how profitable it can be. Enjoy 

Here are the referrals for each platform that I use:

COINBASE:

http://coinbase.com/join/ramire_x3b?src=ios-link

ROBBINHOOD:

https://join.robinhood.com/eduardr924

CRYPTO.COM

https://crypto.com/app/rgzbv2nkaz to sign up for Crypto.com and we both get $25 USD :)