How the U.S. Housing Market Became Such a Dumpster Fire
Plain English with Derek Thompson
Housing Market Reflections
This chapter explores the lasting effects of the 2007-2008 financial crisis on today's U.S. housing market, specifically examining how past economic failures cause home builders to hesitate despite rising prices. It addresses the complexities of housing demand driven by demographic shifts and changing preferences, particularly in the wake of the pandemic. The discussion delves into the challenges posed by rising mortgage rates, supply chain issues, and the unexpected surge in housing demand following lockdowns, highlighting the importance of understanding behavioral influences on the market.
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