3min chapter

The Prof G Pod with Scott Galloway cover image

State of Play: Inflation, Recession Signals, and the Housing Market — with Mark Zandi

The Prof G Pod with Scott Galloway

CHAPTER

Are You Going to Buy a Home?

Sally Kohn: The U.S. economy is slowing, it will slow further going into next year. She says there's no more rate sensitive sector of the economy than single family housing. With interest rates up, you mix those higher rates with these higher house prices and people just can't afford it she says. Kohn: So affordability has been hammered and so that's demand has been crushed,. And that's now starting to show up in weakening house prices.

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