Will Kevin Warsh be better for housing?
Summary
HousingWire’s Logan Morshami analyzes whether Kevin Warsh would be a better Fed Chair for housing than Jerome Powell, suggesting Warsh’s pro-housing stance could facilitate modest rate cuts. He reviews recent pending home sales and purchase application data, noting improved mortgage spreads and a potential sales uptick if rates stabilize near 6%. Morshami emphasizes that while Warsh may be more dovish under a Republican president, significant rate reductions remain unlikely given current inflation and labor market conditions.
Topics discussed
Intro, sponsors, and solo episode announcement
Kevin Warsh's nomination and Trump's loyalty
Warsh vs. Powell on housing market policy
AI disinflation and potential rate cuts
Fed internal conflict and mortgage rate forecasts
Sponsor message: Federal research funding
10-year yield trends and geopolitical impacts
Pending home sales and purchase application data
Mortgage spreads and historical rate context
Sponsor message: Estate Agent Growth
Inflation data and Fed policy stance
Housing tenure, affordability, and final outlook
Upcoming events in Austin and Dallas
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