How the U.S. Housing Market Became Such a Dumpster Fire
Plain English with Derek Thompson
00:00
The Housing Boom and Interest Rate Dynamics in the COVID Era
This chapter explores the impact of semiconductor shortages and rising home prices on the U.S. housing market during the COVID pandemic. It highlights the conflict between the Federal Reserve's efforts to keep interest rates low to boost employment and the resulting surge in home prices against a backdrop of historical economic policy.
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