Hello my friends, and welcome to another episode of Passive Real Estate Investing. You know, it's the end of the summer. We're at the beginning of September. It's been a few months or a couple of months since I've done a housing market update and looked at housing trends and what is going on in the economy and interest rates. And I know that you as investors and many of you specifically as real estate investors, are always interested in knowing what is going on and to some degree having an idea of what is coming down the pipe in the next three to six months, 12 months. So I take this opportunity to take a look at what is going on around the country in terms of housing and real estate as an investment class because real estate is amazing. It is the most historically proven asset class.

It is a true wealth preserver and for many, most of the time is a great creator of wealth and over time, long-term cash flow. So let's just break down a few things today and take a look at what has been going on.

FREE copy of The Ultimate Guide to Passive Real Estate Investing.

If you missed our last episode, be sure to listen to Special Offer — 17% Interest Promissory Notes (for a limited time)



I do apologize for the last couple of weeks. I've not been able to put out an episode because I've been traveling so much. I've been incredibly busy with some other business ventures related and unrelated to real estate, mostly on the education side. And I may have talked about it in previous episodes and I will be talking about it a little bit more in future episodes. And those have to do with our Aspire Tour Events, which we do once a month in a different major city around the country. And these are events that have at least 2000 people at the event or more.

And these are events that will ultimately grow to 7,000 people at an event. And I will share more of that with you in future episodes and I'll probably bring on one of my business partners to talk about that as well. Also, I've been going to different cities to participate in some events, sometimes to speak at them as well. So had a crazy, crazy busy schedule this summer and I do my best to put out an episode every single weekend. For the most part, I do that 95% of the time. So if I skip a week, it's not because I want to skip it, it's because I haven't been able to record an episode. So anyway, I'll put my foot back on the gas pedal and try to be a little more consistent with the weekly schedule that I've been very consistent with over time.

So let's jump right into it. Let's just begin with kind of the big picture or the macroeconomic picture, if you will, and look at housing and the economy in very high general terms. So some people have emailed me and said, Hey, you know, the economy is really shaky or it's coming undone or unraveling or whatever the case is. That is actually not the case. The economy is pushing forward, it is remaining strong and solid. It actually appears to be accelerating at this point in time. So because of that, it's actually going to likely push some mortgage rates higher. But companies are still hiring. They're hiring at a healthy pace. It's not a crazy hiring spree that they're on, but unemployment seems to be remaining at record lows and that's just keeping things marching along in terms of employment. So as a result of that, interest rates have been ticking upward again, but it's not what we saw back in the fall of 2022.

Now, housing still remains unchanged for the most part. Supply, as I've said many times, has been low and has not been able to keep up with the demand that is out there. So supply has dropped again, lower than demand, which has been pushing house prices or home prices up and that's just, you know, economics 101. It's just supply and demand. Even with rising mortgage rates that are at the 7% to 8% rate, we are still seeing home prices rise more or less all over the country.