The analyst who called the 2008 financial crisis is predicting the housing market is in for some big changes as baby boomers start to downsize.
Analyst Meredith Whitney is known for her call that anticipated the 2008 financial crisis. Now she is predicting that the housing market is due for some dramatic changes starting in 2024.
"You'll see a supply-demand dynamic shift," Whitney, founder and CEO of Whitney Advisory Group, told Yahoo Finance’s Invest Conference on Tuesday."Americans are sitting on a tremendous amount of equity in their homes. It's a question of when they tap into it," Whitney said. Whitney also shared some thoughts Tuesday about the banking system, another subject she knows well. Of the new capital requirements recently proposed by the Federal Reserve and other regulators, she said: “There’s a lot wrong with it.”
‘She ran rings around Warren Buffett’: An IRS auditor secretly turned her $5K nest egg into a $22M fortune — here are the 3 simple strategies that made Anne Scheiber richOTTAWA -Canadian market participants expect the Bank of Canada to start cutting its key policy rate from a 22-year high of 5.00% in April 2024, a month later than the previous forecast, according to a survey released by the central bank on Monday.
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