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The Pomp Podcast
#1378 Lance Lambert on 4 Mind-Blowing Reasons Why Homes Are Unaffordable
Jul 2, 2024
Lance Lambert, real estate expert, discusses the 4 reasons for unaffordable housing in the US. Topics include supply-demand imbalance, rising home prices, stagnant income growth, escalating repair costs, and strategies to stimulate home purchases. Also, explores rising home insurance rates and solutions, challenges in housing affordability, and introduces ResiClub as a data-driven platform for the housing market.
31:35
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Quick takeaways
- Housing crisis exacerbated by soaring demand and insufficient supply.
- Builders employ strategies like lowering mortgage rates to maintain pricing power.
Deep dives
Housing Affordability Crisis
The podcast discusses the deteriorating housing affordability crisis in the US housing market. The episode highlights the unprecedented rate at which housing prices have surged, outpacing income growth significantly. Factors contributing to this crisis include soaring demand, insufficient housing supply, and skyrocketing mortgage rates, exacerbating the affordability challenge for potential homebuyers and renters.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode