Some economist I follow on twitter posted a bar graph showing 34% of Austin home purchases were investors vs 10% in DC.

At this point, economists are pointing to escalating gasoline prices as the greatest challenge to our economy.  

If I was to add anything, I'd say that according to some economists the strong housing market will continue for another year or so.

Most economists agree we are due for a correction so having reserves for each property is key.

But the metro areas with the biggest returns on investment were Oklahoma City, with an ROI of 196.4%, Fargo, North Dakota, with an ROI of 185.7% and Pittsburgh, with an ROI of 154.2%.Meanwhile Gulfport, Mississippi, saw a 7.8% loss, while Corpus Christi, Texas saw just a 0.7% return, the lowest among metro areas in Attom’s data.The fresh report comes as the Covid-19-fueled housing market — with homes selling well above asking price — may have reached its peak — at least according to recent data.That doesn't mean housing prices are going to come down in the near future, and in many parts of the country the housing market continues to remain red hot, but some national indicators are showing early signs of balancing, according to Redfin Economist Taylor Marr.There are other signs the market might be turning, with new home listings surpassing prepandemic levels earlierin July, according to reporting by Ashley Fahey, real estate editor at The Business Journals.

ON the other hand, it is tru that 95% of economists have said that rent control doesn’t work and is bad for the poor.

“The fact that homebuyer demand is setting new records as summer draws to a close leads me to believe that home prices have room to grow,” said Redfin Chief Economist Daryl Fairweather.

But I would have to say my favorite part of the conference, aside from networking and connecting with friends that I made through BiggerPockets, was listening to chief economist Brian Beaulieu who gave a great deep dive into the economy.  

Economist refer to this as Cost-Push Inflation.

While Southern California home prices are rising, rental units in some of L.A.’s most expensive and luxurious buildings are bearing the brunt of what economists call “downward pressure.”