The Housing Market: What Happened?

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Sung predicted that inflation would still be somewhat high last year at 5.5%, which is a lot closer to the actual rate of 6.5%. Sung, thank you for being so gracious about our lack of prices. Housing market was hotter than Beyonce tickets, with everyone suddenly trying to buy a bigger house with a home office and millennials trying to buying a home at all, ever. What does he get? You invited me back to the show, and that is a price enough for me.

It's time for another installment of ... Planet Money Predictions! *air horn*

Last year, we invited two economic forecasters to tell us what they saw coming for jobs, the housing market, and inflation. And now they're back. Which means it's time to find out whose predictions were more on the money, and send the victor to the next round, where they face off against a new forecasting phenom.

Since our last game, housing and inflation have cooled, but the job market keeps going strong. And the possibility of a recession still looms large. Our forecasters tell us what they see in the economy now, and what they expect in the months ahead.

This episode was produced by James Sneed. It was engineered by Katherine Silva. It was fact-checked by Sierra Juarez and edited by Molly Messick. Jess Jiang is our acting executive producer.

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