Rates Surge Back Up as the Election “Slowdown” Hits Housing

On The Market

Everyone is awaiting the 2024 presidential election results—especially homebuyers. As mortgage rates rise again, potential homebuyers are sitting on the sidelines, hoping that the next president could make it a little easier to purchase a house. Is this housing market slowdown just a temporary phenomenon before the biggest political event of the past four years, or could this last well into the winter? We’re covering it on this headlines show!

Could a “Trump trade” push bond yields up and mortgage rates as well? Some economists are betting that a Trump presidency would mean higher mortgage rates. We’ll also talk about California’s Prop 33, which, if passed, could allow more stringent rent control on landlords in the Golden State. With rising costs for property owners, could this lead to landlords selling their rentals to escape California’s tenant-friendly laws?

If you want to escape the election cycle, we’ve got you covered. Our last story touches on the best companies for career growth, and if you’re trying to up your skills (and your income) next year, applying for a job at any of these companies could help you!

In This Episode We Cover

The pre-election housing “slowdown” and why many homebuyers are pausing on purchasing

A new mortgage rate update and what’s causing rates to rise back to seven percent

The “Trump trade” and why economists are worried it could push bond yields up

California’s newest rent control proposition and what it means for landlords in the state

The top companies for career growth in the United States (grow your income!)

And So Much More!

Links from the Show

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Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

Do Elections Affect the Housing Market? Here's What Experts Say

Real estate in for a fright as mortgage rates return to 7%

Proposition 33 Ignites Fierce Debate Over California Rent Control Laws

These Are The Best Companies For Career Growth, Ranked

Grab Dave’s Newest Book, “Start with Strategy”

Jump to topic:

(00:00) Intro

(01:01) Pre-Election Housing “Slowdown”

(13:03) The “Trump Trade”

(16:48) Prop 33 Rent Control?

(24:15) Best Companies for Career Growth

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-266

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