"The Weirdest Housing Market in Recent History"

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 12 July 2024

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Skyrocketing rates, shrinking affordability: The U.S. housing market is a mess. It's also a bit of a mystery. Why are prices still sky-high, even though many measures of demand are weak? If the supply of new homes is nearing a historic high, how come the inventory for existing homes is close to a historic low? Today's guests agree that this is one of the weirdest housing markets in recent history. Mike Simonsen, president founder of Altos Research, and Lance Lambert, cofounder and editor-in-chief of Residential Club, join to talk about the state of the U.S. housing market—what makes it ugly, what makes it weird, and what would have to happen to make it better. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guests: Mike Simonsen & Lance Lambert Producer: Devon Baroldi Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Greetings, it's now!
0:02.7	Call your banners because it's time to head back to Westeros for House of the Dragons, season
0:06.4	two.
0:07.4	The Ringers' Dragon Riders will soar alongside you each week with the Heron Hall size slate of
0:11.1	conversations.
0:12.4	The Dragon has three heads and on Sunday
0:14.1	nights immediately after Hot D concludes, Chris Ryan, Joanna Robinson, and I will be
0:18.1	with you for Talk the Thrones. Then on Mondays, two more shows away. Van Lath and Charles Holmes, Steve Allman and Jomia Denuron,
0:25.0	aka The Midnight Boys,
0:27.0	pew pewhoo, will head to the Turni Grounds to share their reactions.
0:30.0	And of course, Chris Ryan and Andy Greenwald
0:32.0	will sip the Arbor's finest vintage on the watch.
0:35.0	Then on Tuesdays, Joanna and I will head to the bowels of a pleasure den for our house of our deep dyes.
0:41.0	Then, on Thursdays Joe,
0:43.0	Joe, Neil, Miller, and Dave Gonzales will gather the ravens
0:45.5	for trial by content. In this season, full episodes of Talk to Thrones
0:49.7	House of Our and the Midnight Boys will also be available on video on Spotify and the new
0:54.8	Ringerverse YouTube channel. Podcast episodes available on Spotify or wherever you get
0:59.3	your podcasts. Today's episode is about the US housing market, which one of today's guests calls
1:08.4	the strangest in recent history. To understand what makes today's housing situation, such a violation of several Econ 101 assumptions,
1:19.4	we should think back a few years to 2022 when the Federal Reserve first started raising interest rates to fight inflation,
1:27.0	to reduce prices.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Ringer, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Ringer and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.