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Podcast: Plain English with Derek Thompson
Episode: "The Weirdest Housing Market in Recent History"
Description: 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—wh...