Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "REDFIN: Sellers Run Out of Time" video.

  1. As for new construction this is where I perform most of my services. In about 2018 Powel was rising rates. I saw construction drop very significantly to point where I was investigating other income streams and was making countercyclical investments. If you can remember, Trump started hammering Powell relentlessly and then the Fed reversed. Shortly thereafter, rates started reversing and, not surprisingly, construction picked back up substantially. Different circumstances today in the broader economy so no clear vision. But yes, interest rates can have very clear and significant effects. Given today's circumstances, it is NOT a clear projection that things would pick back of in event of a Fed pivot. Prices are so much higher in recent year or 2. Other cost of living much higher. We could be entering an absolute price barrier and reversion to mean could predominate. Would be useful to see the long term reversion chart going back several decades. There is so much data out there that people can pick and choose what data they wish to reference and therefore come up with conflicting conclusions.
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  2. It's important to apply the Wayne Gretsky approach. That is to not see where the puck is now, but to move to where the puck will be going.
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