Despite rising interest rates, house prices in America remain high due to low mortgage rates and decreased housing supply. The chapter explores the impact on the economy, including increased spending on remodeling and better performance of the new home market. It also discusses the viability of offering discounts on mortgage rates for home builders and the potential complications for the Federal Reserve regarding inflation.
The highest interest rates in years should lead to a fall in house prices. But peculiarities of America’s mortgage market are driving them up. Egg-freezing was supposed to give women more control over childbearing; we look at scant data showing how successful it really is (10:57). And remembering Isabel Crook, an anthropologist who embraced China’s communist transformation, warts and all (15:44).
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