Housing demand holds up despite higher rates
Summary
Host Sarah Wheeler and analyst Logan Mohtashami discuss resilient housing demand despite mortgage rates hitting yearly highs, attributing stability to improved affordability and wage growth. They debunk fears of a 2008-style crash, emphasizing that current credit markets prevent such a bust. The episode also covers the impact of the Iran conflict on yields, Redfin’s new listing features, and the battle for real estate data.
Topics discussed
Intro, sponsor, and top 5 housing news stories
Why a 2008-style housing crash cannot happen again
10-year yield, inflation, labor data, and Iran conflict
Housing demand resilience and improving affordability
Pending sales data and the importance of local analytics
New listings trends and market balance vs. 2020 bubble
Price cuts, seller psychology, and market normalization
Outlook on Iran conflict, Fed response, and AI Summit
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