Eric Basmajian, economist and founder of EPB Research, discusses the rate at which the economy is slowing, the outlook for U.S. housing market, and the long-run real income outlook.
Watch Eric's last interview with me: https://youtu.be/dmxDyKaB83M?si=5r1MlB1e0ZwBKUxt
Housing supply at more than 16-year high: https://www.reuters.com/markets/us/us-new-home-sales-slump-six-month-low-may-2024-06-26/#:~:text=WASHINGTON%2C%20June%2026%20(Reuters),housing%20market%20recovery%20was%20faltering.
*This video was recorded on July 2, 2024
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[email protected]0:00 - Intro
1:00 - Labor market overview
3:43 - Economic growth
12:54 - Housing supply
17:07 - New listings
20:48 - Home price outlook
22:17 - Lumber price
25:23 - Small business sector
27:20 - Investment implications
31:34 - Long-run income
*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.
#economy #investing #realestate