A view of the post-peak housing market
Marketplace
Marketplace
4.6 • 8.6K Ratings
🗓️ 25 July 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
The CoreLogic Case-Shiller index of existing home prices, which came out today, shows that values are down from the year before, but the price trends vary across the country. Today, we trace their rise and fall. Then, what’s a fair price for artificial intelligence? And what Milton Friedman’s “long and variable lag” means in 2023.
Transcript
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| 0:00.0 | Hey everybody, it's Kai. |
| 0:01.6 | Listen, is it time to upgrade your car? |
| 0:04.2 | Give it new life by donating it to Marketplace. |
| 0:06.8 | We'll use the proceeds to bring you more news |
| 0:08.7 | about finance and the economy and how they affect you. |
| 0:12.3 | Let us turn your old car into a donation |
| 0:14.5 | to power the journalism you rely on. |
| 0:16.5 | Go to Marketplace.org slash vehicle |
| 0:18.6 | to donate your car today. |
| 0:22.7 | On the program today, some words about this economy. |
| 0:27.2 | Which words though, is the catch? |
| 0:30.6 | From American public media, this is Marketplace. |
| 0:35.1 | In Los Angeles, I'm Kai, Rizdole. |
| 0:45.9 | It is Tuesday today, the 25th of July. |
| 0:48.8 | It is always to have you along. |
| 0:50.4 | Everybody, seven words to be precise |
| 0:53.3 | with which to begin the program. |
| 0:55.3 | S&P, Core Logic, Case, Shiller, Home, Price, Index. |
| 1:03.3 | It's a mouthful, I don't know, but it is kind of the benchmark |
| 1:06.1 | for home prices in this economy. |
| 1:08.1 | And we tell you about it often as we do, |
| 1:10.6 | because what happens with housing can give us a sense |
... |
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