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Is the Stock Market Getting Ahead of Itself? (EP.293)

Animal Spirits Podcast

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Home Builders Aren't Lowering Prices, They're Buying Down Mortgage Rates

Goldman Sachs is calling your housing bottom already. It's way too early to say that it's still over, but I think we've been talking about this. The home builders are paying those to the banks saying we're going to pay down a rate from 6% to 4.5%. That can't last forever. But after they get the backlog of houses in, that could potentially for a while put something of a floor under housing prices if they're not willing to lower prices.

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