HousingWire Daily
Logan Mohtashami: Can DOGE $5,000 checks help housing?
Feb 24, 2025
In this engaging discussion, Logan Mohtashami, a lead analyst renowned for his expertise in housing economics, shares insights alongside Editor in Chief Sarah Wheeler. They delve into the proposed $5,000 checks for consumers and their potential impact on housing demand and mortgage rates. The conversation reveals skepticism about the effectiveness of such stimulus measures and examines how they might influence housing affordability. Additionally, they discuss the dynamics between home sales and mortgage rates, stressing the importance of inventory and market stability.
25:16
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Quick takeaways
- The proposed $5,000 checks could temporarily boost housing demand and consumer spending, but may also exacerbate inflation and fiscal deficits.
- Current fluctuations in existing home sales are closely tied to mortgage rates, revealing a market stabilizing around 4 million sales despite ongoing affordability issues.
Deep dives
Impact of $5,000 Checks on Economic Dynamics
The proposed plan to distribute $5,000 checks to every American could significantly influence consumer spending and housing demand. While this financial boost is framed as a solution to wasteful government spending, it raises concerns about inflation and federal deficit implications. The conversation highlights a contradiction where increasing consumer cash flow might conflict with efforts to lower aggregate demand and reduce the deficit. Ultimately, the injection of money could temporarily stimulate spending, but it lacks a clear long-term strategy to enhance economic stability without contributing to inflation.
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