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

Episoder(350)

The Housing Recession Is Coming

The Housing Recession Is Coming

While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the most rate-sen...

15 Sep 202238min

Bill Gates on Progress, Food Technology, and the Battle Between Climate Change and Innovation

Bill Gates on Progress, Food Technology, and the Battle Between Climate Change and Innovation

In 2015, 193 world leaders agreed to 17 ambitious goals to end poverty, fight inequality, and stop climate change by 2030. Seven years in, the world is on track to achieve almost none of those goals, ...

13 Sep 202228min

How Ukraine’s New Offensive Could Win the War Against Russia

How Ukraine’s New Offensive Could Win the War Against Russia

We're in a new phase of the Ukraine-Russia war. Paul Poast of the University of Chicago returns to the podcast to break down Ukraine's extraordinary counteroffensive. He explains why this counterattac...

12 Sep 202250min

The UK Is in Trouble: Economic Crises, Energy Shocks, and the Queen’s Death

The UK Is in Trouble: Economic Crises, Energy Shocks, and the Queen’s Death

Hours before the death of Queen Elizabeth II, Derek talked to Duncan Weldon, the Britain economics correspondent at The Economist, about the UK's political and economic challenge. Russia’s invasion of...

8 Sep 202250min

America’s National Teacher Shortage: Looming Crisis or Media Myth?

America’s National Teacher Shortage: Looming Crisis or Media Myth?

Students are going back to school this month. But according to many news sources, there won't be nearly enough teachers to greet them. The Washington Post has warned of a “catastrophic teacher shortag...

6 Sep 202238min

Nate Silver on Why This Midterm Election Could Be the Weirdest in Decades

Nate Silver on Why This Midterm Election Could Be the Weirdest in Decades

Earlier this year, it appeared that Democrats were going to get destroyed in the midterms. Joe Biden's approval rating was in the toilet, inflation was raging, and everything was going wrong. It would...

2 Sep 202255min

The Messy Debate Over Student Loan Forgiveness

The Messy Debate Over Student Loan Forgiveness

The level of student debt in this country represents a massive policy error. But is forgiving up to $20,000 of student debt really the best way to help low-income Americans, or fix the nation's educat...

30 Aug 202242min

Burning Questions on Media: Streaming’s Summer of Hell, Movie Theater Woes, and CNN’s Risky Pivot

Burning Questions on Media: Streaming’s Summer of Hell, Movie Theater Woes, and CNN’s Risky Pivot

Today’s episode is about the entertainment and media industry’s tumultuous summer, the streaming wars, a come-to-Jesus moment for movie theaters, and a dramatic revamp at CNN—which tells a lot about t...

26 Aug 202250min

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