2 • 935 Ratings
🗓️ 15 September 2022
⏱️ 5 minutes
🧾️ Download transcript
Soledad, Jean, and Edelman Financial Engines wealth planner Rose Niang discuss the correlation between home prices and inflation and whether or not it's a good time to buy a second home.
See omnystudio.com/listener for privacy information.
Click on a timestamp to play from that location
0:00.0 | This is Edelman Financial Engine's everyday wealth, with award-winning journalist Soledad O'Brien, |
0:12.8 | personal finance expert Jean Chatsky, |
0:15.3 | and Edelman Financial Engine's wealth planner Rose Niam. |
0:20.0 | The National Association of Realtors |
0:22.2 | had a report last May, and they said that the cost of purchasing a home in the US has increased 55% from 2021. |
0:31.0 | Like that's absolutely insane. Now we know mortgage applications are falling. |
0:37.0 | Can you explain the correlation between home prices and inflation? How are they connected? |
0:43.4 | Historically, they have moved pretty much in lockstep. |
0:47.8 | Historically, if you go way, way back, home prices have gone up at about the same rate as inflation. But as you pointed out, this |
0:57.6 | year it's been wildly different. Yeah, inflation is higher than we've seen in a really long time, but the cost of |
1:06.4 | purchasing a home in the US is up more than 50% year over year, and there are a lot of |
1:12.2 | factors that go into that. We've got the |
1:15.1 | pandemic and the fact that more millennials are entering their home buying |
1:18.8 | years and the fact that we've got an imbalance of supply and demand. |
1:24.0 | So all of those things are to blame for this bubble, |
1:28.6 | if you want to call it that, in prices |
1:30.4 | that we've seen recently. |
1:32.0 | Should that variation, or my dad, |
1:35.0 | would call the delta between those two numbers, |
1:38.0 | should that matter in your decision |
1:40.0 | about whether or not it's |
1:42.0 | the appropriate time to get a second home. |
... |
Transcript will be available on the free plan in -887 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Jean Chatzky, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Jean Chatzky and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.