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Morning Brew Daily
Home Sales Have Never Been Slower & No One Wants to be an Accountant
Oct 17, 2023
29:14
Snipd AI
The podcast discusses the decline in home sales, challenges of buying a home, the future of accounting, LiquidPiston investments, the evolution of 'get ready with me' videos, and automation in fast casual chains.
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Quick takeaways
- The US housing market is experiencing its worst freeze since the 2008 global financial crisis, with high mortgage rates and elevated prices creating the least affordable home buying environment since 1985.
- LinkedIn's recent layoffs and shift towards investing in artificial intelligence tools, such as AI-assisted candidate discovery and AI-powered coaching, demonstrate the company's emphasis on automation and AI to enhance its platform and better serve users.
Deep dives
Housing market in the US faces historic freeze
The US housing market is experiencing its worst freeze since the 2008 global financial crisis. High mortgage rates and elevated prices have created the least affordable home buying environment since 1985. With mortgage rates at a 23-year high, only 16% of consumers surveyed by Fannie Mae believe it is a good time to buy a home. The number of home sales this year is projected to be the fewest since 1995, and there has also been a record number of price reductions for homes. The lack of affordable homes and low supply are contributing to the affordability crunch.
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Discover
highlights
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