Marketplace All-in-One Who can afford a house in this economy?
May 22, 2025
In this conversation, Priya Krishna, a food writer for The New York Times, dives into the fierce competition between dining reservation giants OpenTable and Resy. She shares eye-opening insights about how credit card companies influence the restaurant industry, and highlights challenges faced by owners, especially during critical weekends. The talk also touches on the current housing market's imbalances, with buyers struggling to afford homes despite rising listings, shedding light on the complexities of affordability in today’s economy.
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Rising Risks in Long-Term Bonds
- Investors see U.S. long-term Treasury bonds as riskier due to debt and economic uncertainty.
- This risk raises bond yields, increasing mortgage rates and potentially slowing economic growth.
Recession Fears vs. Economic Reality
- Economic data shows health, but consumer sentiment is at a three-year low.
- Fear of recession could become a self-fulfilling prophecy if spending and investment drop.
Amy Scott's Denver Housing Hunt
- Amy Scott shares her house-hunting experience in Denver during a market with rising inventory but barely increasing prices.
- Higher mortgage rates near 7% make monthly payments unaffordable for many buyers.