Episode 65

full

Published on:

23rd Aug 2022

Housing Data, Metaverse Real Estate and Economic Indicators

The Wall Street Journal is reporting that it was more expensive to buy a U.S. home in June than it has been in three decades, as record-high home prices collided with a surge in mortgage rates. The National Association of Realtors’ housing-affordability index, which factors in family incomes, mortgage rates and the sales price for existing single-family homes, fell to 98.5 in June, the lowest it’s been since 1989. On the other hand, just 24 hours earlier, the WSJ reported that home prices had hit a new record high in the second quarter.

In today's episode of The Higher Standard, Chris and his co-host offers thoughts and insights on this new report, particularly the way it seems to be cutting through the current rhetoric of things being all sunshine and rainbows.

They discuss the confusion many people seem to have about leading, lagging, and coincident indicators and the actual effect they have on the economy.

Chris offers some insight into the massive fall off of demand for housing, even as house prices are increasing, citing it as pent up demand from people who are trying to buy homes that couldn't do it previously.

They also offer some thoughts on recent comments by Dr. Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy for the National Association of Home Builders about why he thinks a tighter monetary policy from the Fed and persistently elevated construction costs have brought on a housing recession.

This is a show you do not want to miss! Join Chris for this fascinating conversation.

Enjoy!

What You’ll Learn in this Show:

What leading, lagging, and coincident indicators really mean and how they affect the economy.
Insights into the massive fall off of housing demand even as house prices are rising to record levels.
Thoughts on recent comments by Robert Dietz, Chief Economist for the NAHB, and what he thinks is causing a housing recession.
And so much more...

Next Episode All Episodes Previous Episode

Listen for free

RSS Feed Apple Podcasts Spotify

Show artwork for The Higher Standard

About the Podcast

The Higher Standard

This isn’t a different standard, it’s the higher standard.

Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your hosts; Chris Naghibi and Saied Omar here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

About your host

Christopher Naghibi

Christopher M. Naghibi is the host and founder of The Higher Standard podcast — a rapidly growing media platform delivering unfiltered financial literacy, real-world entrepreneurship lessons and economic commentary for the modern era.

After nearly two decades in banking, including his most recent role as Executive Vice President and Chief Operating Officer of First Foundation Bank (NYSE: FFWM), Christopher stepped away from corporate life to build a brand rooted in truth, transparency, and modern money insights. While at First Foundation, he had executive oversight of credit, product development, depository services, retail banking, loan servicing, and commercial operations. His leadership helped scale the bank’s presence in multiple national markets from $0 to over $13 billion.

Christopher is a licensed attorney, real estate broker, and general building contractor (Class B), and he brings a rare blend of legal, operational and real estate expertise to everything he does. His early career spanned diverse lending platforms, including multifamily, commercial, private banking, and middle market lending — holding key roles at Impac Commercial Capital Corporation, U.S. Financial Services & Residential Realty, and First Fidelity Funding.

In addition to his media work, Christopher is the CEO of Black Crown Inc. and Black Crown Law APC, which oversee his private holdings and legal affairs.

He holds a Juris Doctorate from Trinity Law School, an MBA from American Heritage University, and two bachelor degrees. He is also a graduate of the Yale School of Management’s Global Executive Leadership Program.

A published author and sought-after speaker (unless it’s his son’s birthday), Christopher continues to advocate for financial empowerment. He’s worked pro bono with families in need, helped craft affordable housing programs through Habitat for Humanity, and was a founding board member of She Built This City — helping spark interest in construction and trades for women of all ages.