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25min chapter
"The Weirdest Housing Market in Recent History"
Plain English with Derek Thompson
Unraveling the Housing Market Mystique
This chapter examines the current U.S. housing market, emphasizing its unexpected trends despite rising interest rates. It discusses the 'locking effect' of low mortgage rates on existing homeowners, the decline in mortgage applications, and the challenges facing potential buyers amid soaring prices. Additionally, the chapter delves into the supply-demand dynamics, regional variations, and institutional influences that complicate the pursuit of affordable housing.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode