If people have great 30 year mortgages like yourself and you ain't moving, what does that mean in terms of economic activity? When we buy a house, we tend to buy a lot of stuff. So I think we're giving up some short term pain, but might end up with a sort of just less dynamic economy in the process.
Allison Schrager, Senior Fellow at the Manhattan Institute and Bloomberg News Real Estate Reporter Patrick Clark discuss how home prices in the US rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. Michael Shvo, Founder and CEO of SHVO, shares his thoughts on the commercial real estate market, Bloomberg Technology Co-Host Ed Ludlow joins the conversation. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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