AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Barron's Live
MarketWatch - The Housing Market Has One Big Problem
Aug 16, 2023
MarketWatch real-estate reporter and Redfin CEO discuss dysfunctionality of housing market, impact of interest rates, shift from coastal cities to lower-cost areas, current home prices, climate change effects on home insurance, and converting commercial buildings into residential housing.
33:28
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The housing market is currently experiencing a stand-off with low inventory and low demand, making it difficult for homebuyers to find affordable options and enter the market.
- Glenn Kalman anticipates that mortgage rates will remain near 7% through the end of 2023, with potential concerns for the first half of 2024, and even a slight increase in rates could negatively impact the real estate market and potentially lead to a broader economic recession.
Deep dives
Current State of the Housing Market
According to Glenn Kalman, CEO of Redfin, the housing market is at rock bottom with low sales volume and only those who absolutely have to move are doing so. Home prices are holding up, which has contributed to the lack of affordability. The market is currently experiencing a stand-off, with low inventory and low demand. The lack of a significant correction in prices and the absence of a break in affordability is making it difficult for homebuyers, especially millennials who have been waiting for an opportunity to enter the market.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode