Marketplace Who can afford a house in this economy?
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May 22, 2025 Amy Scott, a housing market reporter for Marketplace, and Priya Krishna, a food writer for The New York Times, dive into the challenges in today’s housing market. They discuss how despite an increase in home supply, affordability remains a significant barrier for many buyers. The conversation shifts to the competitive world of restaurant reservation apps, highlighting the ongoing rivalry between OpenTable and Resi, and the unexpected impacts of credit card partnerships. Together, they explore the intricate ties between economics, housing, and the dining experience.
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Rising Treasury Yields Impact Economy
- Long-term U.S. Treasury bonds are seen as riskier due to debt and political uncertainty.
- Rising yields increase mortgage rates, making housing more expensive and slowing economic growth.
Consumer Sentiment Shapes Economy
- Economic data shows health, but consumer sentiment hits three-year lows.
- Negative outlooks risk becoming self-fulfilling prophecies if spending and investment decline.
Amy Scott's Homebuying Experience
- Amy Scott shares her personal home search amid rising inventory and high prices in Denver.
- Higher interest rates limit affordability despite more homes listed for sale.