Episode 44: Leslie Appleton-Young Crunches the Numbers

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I am beyond thrilled to welcome Leslie Appleton-Young as my guest for the 44th episode of the Bay to Bay Podcast! Leslie is the Chief Economist for the California Association of REALTORS. I’m a huge fan, and I have been listening to and watching Leslie’s forecasts on the California real estate economy for years. Many of the facts and figures I give my clients and share on my web sites come from information I gleaned listening to Leslie, so it was a huge honor for me to have her on the podcast. In this episode, we discuss:

  • What is economics exactly, and what she loves about it so much.
  • The relationship between the federal funds rate and mortgage rates ,and why they may not move in lockstep.
  • Why housing in California is so unaffordable and what an economist would say is the solution.
  • What work goes in to making her trademark real estate market forecasts
  • What key metric home owners and REALTORS should look at to see which way the market is headed
  • The possibility of a recession in California or the USA in the next 1-2 years
  • The prospects for “blue collar” job wage growth in California
  • Why the number of homes being sold in California is today so far below historical norms
  • Is California currently in a housing bubble?
  • What would cause a home price correction?
  • The affects of the Trump tax plan on California home prices

Watch Leslie Appleton-Young’s 2019 Mid-Year Update

Get It Sold by Seb Frey