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Managing a recession, housing market insights & more with Redfin's Glenn Kelman + OK Boomer | E1616
This Week in Startups
Mortgage Discounting Is Happening on the Slide
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Homes have just gotten completely unaffordable over the past two years. Mortgage payment for a typical American home went up more than 70%. The rent went up nearly 30%. And people just can't afford that. So it's going to take us a long time to let all the air out of the balloon and get prices back to a place where people can afford it when rates are at six and a half or seven percent.
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