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18min chapter
"The Weirdest Housing Market in Recent History"
Plain English with Derek Thompson
Unusual Dynamics in the Current Housing Market
This chapter explores the peculiar situation in the current housing market where despite rising interest rates, home prices have not decreased, and the market is witnessing record-high prices despite low demand and high inventory shortages. The discussion also covers the impact of factors like declining mortgage applications and turnover from existing homeowners on housing affordability, with comparisons to past market challenges and insights on supply and demand dynamics influencing pricing trends.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode