How volatility in the financial markets affects real estate

Join me in engaging conversation with Mike Treon at PNC Bank. Mike is not just your typical residential lender - he's a former currency and bond trader, and commercial underwriter, with a deep understanding of the financial markets and how it ties into the housing market. Whether you're a buyer or a seller, or just curious about the macro environment, I hope you find our conversation education and informative.
If you're thinking about buying or selling real estate 🏡 in San Mateo County, or need a referral, I'd love to connect. 👋🏻 burlingameproperties.com/cont...
⏰ TIMESTAMPS:
Given the length and the how deep we go into this topic, check out the timestamps below so you can jump directly to any parts that are of most interest to you:
00:00 Beginning
0:22 Mike's eclectic background in finance
1:03 The Fed was incorrect
3:22 Covid hits, and the system gets throttled with money
4:29 Inflation is out of control and what the Fed needs to do
5:54 The yield curve inverting and what that means
6:46 How the huge jump in rates has slowed the velocity of the real estate market, and the effects on the bond market from the Inflation Reduction Act
8:05 Volatility in the stock market and how that affects buyers' RSUs (restricted stock units), and the effects on homebuying in the Bay Area among tech and other workers who receive RSUs
9:41 Effect of the house flipping from Democrat to Republican
10:21 The Fed's relationship to interest rates buyers are seeing in the marketplace
12:35 Can we expect to see continued volatility with interest rates? Plus oil and Starbucks.
14:50 Higher prices cure higher prices
16:43 Meta's headcount, Zuckerberg's "plan", and the market needing to see ROI
17:56 Elon and Twitter, and stress in the marketplace
19:00 How the Bay Area is unique from an industry perspective
20:47 How much can the real estate market drop?
22:48 When is the right time to buy?
Raziel Ungar, Realtor
650-822-7088 | burlingameproperties.com
Compass, DRE # 01701234