505: The Job Market and a Housing Shortage of 4 Million | NAR Chief Economist, Lawrence Yun

505: The Job Market and a Housing Shortage of 4 Million | NAR Chief Economist, Lawrence Yun

June 24, 2026 · 1h 0m · Episode 505

About this episode

Jason Hartman discusses the job market and housing shortage with Lawrence Yun, highlighting the challenges and potential recovery in the U.S. housing market.

Jason Hartman discusses the enduring stability of income property as a premier asset class. He highlights updates to his Property Tracker software, which now integrates real-time inflation data and calculates suggested cash reserves to help investors manage risk. He critiques the reliability of official CPI figures, arguing that higher actual inflation creates significant wealth through inflation-induced debt destruction. Jason also shares a personal anecdote about shutting down his Bitcoin miners due to unprofitability, using the story to warn against over-diversification in unproven assets. He then welcomes Lawrence Yun, the Chief Economist for the National Association of Realtors, as he provides a comprehensive update on the current state of the U.S. housing market. Yun highlights a significant "slump" in home sales volume over the last four years, even as property prices remain at record highs due to an estimated shortage of four million homes. The discussion covers how high mortgage rates and tax policies like capital gains are freezing inventory by discouraging homeowners from moving. Despite these challenges, Yun remains optimistic, citing strong job growth and potential…

People in this episode

Host: Jason Hartman

Guest: Lawrence Yun

Topics covered

Keywords

Mentioned in this episode

Organizations: National Association of Realtors

Products: Property Tracker

Places: U.S.

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