AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Housing Market Is "Going To Be Tough Going Forward" | Ivy Zelman
Thoughtful Money with Adam Taggart
Affordability Fluctuates but Shows Promise
Affordability in the housing market is gradually improving as mortgage rates decline, specifically from above 7% to 6.55%. However, current affordability levels remain about 20% above historical trends for existing homes and approximately 10% above for new homes. Builders are implementing incentives, such as mortgage rate buy downs, to enhance affordability. Despite the slight improvement in rates, some builders haven't seen an uptick in demand, primarily due to prior commitments at lower rates. The overall sentiment is mixed, with builders attempting to navigate the market dynamics amid a slight pullback in home starts.
00:00
Transcript
Episode notes
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