{"id":1469633,"date":"2022-05-10T07:45:22","date_gmt":"2022-05-10T11:45:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1469633"},"modified":"2022-05-10T07:45:25","modified_gmt":"2022-05-10T11:45:25","slug":"housing-prices-to-be-the-big-issue-going-forward-expert","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/housing-prices-to-be-the-big-issue-going-forward-expert\/","title":{"rendered":"Housing Prices to Be the Big Issue Going Forward: Expert"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhousing-prices-to-be-the-big-issue-going-forward-expert%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1469633&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Joel Shulman, ERShares CEO, discusses the negative outlook for home affordability as rates remain among the lowest ever seen.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>ERShares CEO <a href=\"https:\/\/video.foxbusiness.com\/v\/6303589713001#sp=show-clips\" target=\"_blank\" rel=\"noopener\">Joel Shulman<\/a> predicted that <a href=\"https:\/\/video.foxbusiness.com\/v\/6305654332112#sp=show-clips\" target=\"_blank\" rel=\"noopener\">home affordability<\/a> will continue to be a problem, noting that the affordability rate is the &#8220;lowest in history&#8221; on <a href=\"https:\/\/www.foxbusiness.com\/category\/mornings-with-maria\" target=\"_blank\" rel=\"noopener\">&#8220;Mornings with Maria&#8221;<\/a> Monday. Shulman also responded to March <a href=\"https:\/\/www.foxbusiness.com\/markets\/stocks-5-9-2022\" target=\"_blank\" rel=\"noopener\">inflation<\/a> data from the <a href=\"https:\/\/www.foxbusiness.com\/economy\/april-jobs-report-federal-reserve-rate-hike-plan\" target=\"_blank\" rel=\"noopener\">Bureau of Labor Statistics<\/a>, particularly consumer and producer price indexes.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/real-estate\/home-affordability-is-at-an-all-time-low-says-personal-finance-expert\" target=\"_blank\" rel=\"noopener\"><strong>HOME AFFORDABILITY IS AT AN ALL-TIME LOW, SAYS PERSONAL FINANCE EXPERT<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/12\/931\/523\/forsalesign.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Housing affordability is the \u2018lowest in history.\u2019<\/span><span> (AP Photo\/Keith Srakocic, File \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<p><strong>JOEL SHULMAN: <\/strong><i>You&#8217;re +8% year-over-year in both numbers, a little bit higher for PI. We&#8217;ll see that on Thursday. If we see good news, if we see inflation peak and so forth, we should expect to see some modest rally. But then we&#8217;re going to have to monitor the later on wages. People have to focus on wages and, again, the housing prices and the home affordability is going to be the big issue going forward, particularly in Q2, home affordability is among the lowest we&#8217;ve ever seen and this is going to be a continuing problem, and particularly those at the entry points, they&#8217;re exposed. If they lose jobs, they have very little slack to fall back on. So, we could see things unravel pretty quickly because of home affordability and those most exposed to losing their jobs.<\/i><\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/apps-products\" target=\"_blank\" rel=\"noopener\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p><strong>WATCH THE FULL INTERVIEW BELOW<\/strong><\/p>\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Joel Shulman, ERShares CEO, shares his outlook for markets and weighs in on inflation data.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Joel Shulman, ERShares CEO, discusses the negative outlook for home affordability as rates remain among the lowest ever seen. ERShares CEO Joel Shulman predicted that home affordability<\/p>\n","protected":false},"author":489,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1469633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1469633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/489"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1469633"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1469633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1469633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1469633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1469633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}