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Be Wealthy & Smart

9 Housing Markets That Are Overheating

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 7 October 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Discover 9 housing markets that are overheating.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be wealthy and smart, episode 1412. If y'all know what I mean put your hands up and declare with me

0:13.8

yeah I'm full of bed time I'm gonna live the good life

0:20.8

I'm gonna live the good life

0:22.0

beautiful and glorious life Step into a world of wealth and financial freedom without budgets, boredom or bosses on be wealthy and

0:30.3

bosses on be wealthyy and Smart. And now here's your host, Linda P. Jones.

0:37.0

Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor,

0:42.4

Empowering Women and Men Worldwide to Financial Freedom.

0:45.0

On today's show, we're going to talk about nine housing markets that are overheating.

0:50.0

This was actually research in an article done by Yale-Bazawati Kennedy.

0:54.8

So I'm actually going to read this to you because it's their research and their conclusions,

0:59.4

but I thought this had a lot of interesting information that you would want to know.

1:03.4

So they actually called it nine housing markets that are overheating heading into 2025.

1:09.0

And it says, it's no secret that the housing market has been extremely challenging this year.

1:14.0

Inflation, coupled with soaring rates, which have had a domino effect on housing supply,

1:19.4

as many homebuyers feel locked in with lower mortgages they secured a few years back have left

1:24.3

many buyers on the sidelines and now all rates are finally decreasing some

1:29.0

markets are overheating going into 2025 in other words in these locations there is higher demand than

1:34.8

inventory driving up prices and I just want to pause there for a minute and say

1:39.0

that's really been the story for the last couple of years we've been talking about not enough inventory which is causing the strong market

1:47.9

pricing and we're seeing that continue so here's where the nine markets that are overpriced come into play.

1:55.0

Number one, Poughkeepsie New York. Realtor.com recently identified overheating markets

2:01.0

by ranking the top 100 metros according to annual price growth and annual

...

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