Ken McElroy

3 weeks ago | jetsetmag.com | Ken McElroy

If you speak to your average American, they will tell you the economy is not in a good place right now. In fact, 56 percent of people believe the economy is in a recession, even though the unemployment rate sits at 4.1 percent. For reference, unemployment was at 3.8 percent in 2019 and 10 percent at the peak of the Great Recession in 2008. By solely looking at the data, the economy is humming along nicely, while 49 percent of people think unemployment is at a fifty-year high.

1 month ago | jetsetmag.com | Ken McElroy

The Critical Role of Supply and DemandCurrently, in the US housing market, things feel very much like they are at a standstill. Buyers are waiting for lower rates, and sellers are watching as their homes sit for longer on the market than in the past four years. This is a stark difference from 2020 when lower rates created a home-buying frenzy and pushed home values up nearly double what they were in 2019. The market slowdown started in 2022.

Dec 12, 2024 | jetsetmag.com | Ken McElroy

Unlike in other countries, homeownership in the United States has always been very attainable. The playbook traditionally went like this: you graduate from school, rent for a few years and then buy your first starter home. Most people were out of the rental rat race by thirty-five years of age. However, now the United States is moving towards a renter nation.

Jul 29, 2024 | jetsetmag.com | Ken McElroy

Would Lowering Interest Rates Be a Magic Bullet for the Economy? In the last few years, due to printing money and low interest rates, inflation has become a big problem in the U.S. economy. This has happened in past administrations, the most notable being the 1970s, which was called the time of “Great Inflation.” At the time, Paul Volcker was the FED chair and he reduced inflation by increasing the Federal Funds rate to a whopping 19 percent in 1981 and inflation eased to 2 percent by 1983.

Apr 15, 2024 | jetsetmag.com | Ken McElroy

A couple of interesting bills have been proposed in response to corporate America being more involved in the single-family home market. These bills were proposed because affordable housing is becoming an issue nationwide and corporate America is fueling that problem. They are easily able to outbid homeowners and even regular investors. In the last ten years, there has been an increase in corporations purchasing single-family homes. This trend has been accelerated since the pandemic.