Melody Wright, author of M3 Melody Substack, returns to the show for an in-person episode to discuss her outlook for housing and why we could see a price correction of 38%.

This episode is brought to you by VanEck.

Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJulia

Links:

YouTube; https://www.youtube.com/@m3_melody

X: https://x.com/m3_melody

Substack: https://m3melody.substack.com/

Timestamps

0:00 - Introduction: Melody Wright joins the show

00:44 - Housing market frozen for three years - lowest sales since 1995

2:12 - Institutions are net selling and preparing for what's coming

3:16 - The middle class squeezed out of housing market

4:11 - Debunking the "structural housing shortage" myth

6:12 - Regional housing story: What Zillow data reveals

8:03 - Who's running for the exits first: Institutions vs Mom & Pop

9:17 - Home prices going negative for first time in 2+ years

10:20 - 38% correction coming - when housing becomes affordable again

11:56 - Why Fed rate cuts won't help housing

14:04 - The China parallel: Over-building and empty inventory

16:48 - Demographics: The silver tsunami and vacant homes

18:15 - Timeline: When foreclosures will materially increase

21:04 - FHA program shutdown and masking delinquencies

23:48 - Why this crisis is worse than 2008 for millennials

24:50 - What Melody changed her mind on about housing

26:04 - The #1 thing people are getting wrong about housing

27:48 - National Association of REALTORS responds to Melody

28:52 - What keeps Melody up at night

30:00 - What a healthy housing market looks like

31:45 - Final advice: Say no to debt slavery and wait