Why It’s So Hard to Buy a House Right Now—and Why It Might Get Better Soon

Why It’s So Hard to Buy a House Right Now—and Why It Might Get Better Soon

Today, we’re examining the U.S. housing market, starting with a specific question: Should you look to rent or buy your next home? By some metrics, this is the worst time to buy a house in 40 years. Housing prices are near record highs, especially compared to local rents. For many young people, the dream of homeownership might seem completely impossible right now, thanks to huge national demand colliding with short supply, especially in high-income areas. Meanwhile, high mortgage interest rates have failed to reduce home prices, as owners are rate locked into their old mortgages. When will this sorry state of affairs turn around? Mark Zandi, the chief economist of Moody’s Analytics and host of the Inside Economics podcast, joins the show to answer our questions. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Mark Zandi Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

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How to Be Happy and the Science of Cognitive Time Travel

How to Be Happy and the Science of Cognitive Time Travel

Laurie Santos is a superstar in the crowded field of happiness research. She is a cognitive scientist at Yale University whose course on the psychology of happiness was the most popular class in the s...

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Market Meltdown FAQ: Recession Fears, Global Stock Wipeout, and the Case for Calm

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In a special emergency-ish episode, Bloomberg's Conor Sen joins the show to discuss a buffet of economic and financial fears, including a disappointing jobs report, a meltdown in global stocks, the "c...

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Why Are Robocalls So Hard to Stop? (Plus: Kamala and the Gender Wars.)

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Derek offers his thoughts on Kamala Harris, the new 2024 reality, and gender polarization in the "boys vs. girls" election. Then we talk about the spam apocalypse. The average American receives one sp...

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Why Are Conservatives Happier Than Progressives?

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It is a general rule of thumb that richer societies are happier societies. This is true across countries, as GDP and life satisfaction are highly correlated. And it is true across time. Countries get ...

26 Heinä 202455min

Harsh Truths About 2024 and the Future of the U.S. Economy

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On today's episode: the state of American politics and the future of America's economy. Derek discusses a media myth in the aftermath of the failed Trump assassination attempt and reviews three basic ...

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"The Weirdest Housing Market in Recent History"

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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...

12 Heinä 202455min

"People Feel Lied To": The White House, the Media, and the Joe Biden Blame Game

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Joe Biden's disastrous debate performance has created a crisis for the Democratic Party and a set of interlocking debates about whether the White House—or the White House media—covered up his cognitiv...

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Whatever Happened to Serial Killers?

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In the first five decades of the 20th century, the number of serial killers in the U.S. remained at a very low level. But between the 1950s and 1960s, the number of serial killers tripled. Between the...

28 Kesä 202444min

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