347: The Housing Shortage Explained

About this episode

The episode features an interview with Dr. Lawrence Yun discussing the housing shortage and market trends.

We finally did it. We sat down with the man behind the numbers AND we recorded it live at the NAR podcast studio in Chicago. If you've ever been at a dinner party, a showing, or a closing table and gotten hit with "so... how's the market?", this episode is for you. We got to chat with Dr. Lawrence Yun, Chief Economist at the National Association of Realtors, and y'all, we had SO many questions. We're the data nerds who cover the NAR Home Buyers and Sellers Profile Report every single year, so getting face time with the person behind all that research? It was kind of a big deal for us. Dr. Yun has been at NAR since 2000 and stepped into the Chief Economist role in 2008 right in the middle of the foreclosure crisis. He's testified before Congress, appeared on C-SPAN, and was recognized by the Wall Street Journal for having one of the closest forecasts for 2024. Basically, if there's someone you want breaking down housing market trends for Realtors, it's him. We cover a lot of ground in this one, from the housing shortage and what's actually being done about it, to the lock-in effect, affordability challenges for first-time buyers, capital gains tax reform, and what a "sweet spot"…

People in this episode

Hosts: Alissa Jenkins, Katy Caldwell

Guest: Dr. Lawrence Yun

Topics covered

• housing market
• housing shortage
• affordability challenges
• capital gains tax reform
• interest rates
• American dream

Keywords

• housing shortage
• market trends
• affordability
• first-time buyers
• interest rates
• American dream
• NAR

Mentioned in this episode

Organizations: National Association of Realtors, Wall Street Journal

Places: U.S.

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