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Skimm This

A Tale of Two Housing Markets

Skimm This

theSkimm

News

4.53.6K Ratings

🗓️ 4 September 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

All eyes were on President Trump this week as he visited Kenosha, Wisconsin, where Jacob Blake was shot last month. The shooting prompted protests and reignited calls for police reform and racial justice. But the President’s mind was on something else: “domestic terror.” We’ll break down why criminal justice experts say that definition for protests in Kenosha and around the country doesn’t quite fit.  Also: new CDC guidance is causing some people to question the COVID-19 death rate. Now, epidemiologists are trying to separate fact from fiction so that misinformation doesn’t cloud this public health crisis.  And our big story of the week: a tale of two housing markets. On the one hand, mortgage rates are low and big cities are losing residents to the suburbs. But on the other: inventory is down, causing home prices to skyrocket. We’ll explain why this matters, whether or not you’re in the market for a new place.  And finally, we’ve got the latest on summer blockbuster season. Grab your popcorn.   On this episode, you’ll hear from:  Laura Dugan, professor of criminology, University of Maryland Mahlissa Martin, first-time homebuyer Diana C. Minshall, Sotheby's International Realty agent Michael Neal, senior research associate, Housing Finance Policy Center at the Urban Institute Jonita Davis, film critic, TheBlackCape.com Let us know what questions you have about what’s going on in the news right now. Email us at audio@theskimm.com or call and leave us a voicemail at: 646-461-6370. You might hear your message on the show.  If you want to add theSkimm to your daily routine, sign-up for our free newsletter the Daily Skimm. It’s everything you need to know to start your day, right in your inbox.  Skimm'd by Ellen Burke, Alex Carr, Marion Lozano, and Luke Vargas. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's episode is brought to you by Mentos Pure Fresh Cum.

0:04.0

It's time to get energized.

0:09.0

We actually almost didn't even bother looking at the place because the pictures did not do it justice.

0:15.0

But we're like, you know what? Just for the sake of doing our due diligence, let's go see this house.

0:24.0

That's Melissa Martin and that house was in a little town in Louisiana just a few weeks ago.

0:31.0

And then we got in here. It was something, something about the place kind of hit us in the face of like, like, oh wait.

0:40.0

Oh wait, this feels like, uh, there, there was a vibe.

0:45.0

Melissa grew up in Seattle. Her wife was raised in Louisiana and the two of them are part of a growing number of Americans buying homes right now.

0:53.0

Right now in the middle of a pandemic. Talk to realtors, housing experts or anybody with a house in the suburbs getting postcards under the door saying,

1:02.0

list your house now. You will find a buyer. They see this story playing out.

1:08.0

But it's only one story because something else is happening in the housing market at this exact same time.

1:14.0

A story of people for whom buying a house feels further out of reach than ever. And it was already hard.

1:23.0

Welcome to skim this. This week will explain why you might be getting mixed signals from the housing market.

1:32.0

Then Mulan and Tenet. This summer's big Hollywood blockbusters drop this week, but it sure doesn't feel like summer movie season.

1:40.0

Also, it's September, not 4th of July weekend.

1:43.0

Oh, and if you're thinking this show sounds a bit different today, you're right.

1:47.0

Our host is on vacation and we'll be back next week.

1:50.0

All right, first up, we've got some context on two big developing stories.

2:01.0

The first has to do with a new term getting thrown around this week, domestic terror.

2:06.0

That term came up during a presidential visit to Knozha, Wisconsin.

2:11.0

That's the town where Jacob Blake was shot by police late last month.

2:15.0

And where a vigilante gunman shot and killed two protesters and injured a third last week.

...

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