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#18 - The US housing market has entered bizarro world
Manage episode 427013546 series 3540956
Sean Reynolds에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Sean Reynolds 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
The US housing market has officially entered bizzaro world.
The law of supply and demand is a basic principle of any free market, and right now, it's being subverted by strange happenings in the real-estate market.
The supply of homes for sale is rising while demand for homes is falling. And yet housing prices continue to hit record highs.
"When it comes to the housing market, the laws of supply and demand don't seem to apply any longer," the economist David Rosenberg said in a note this week.
Rosenberg said existing home sales dropped to a four-month low in May to 4.1 million units, representing a year-over-year decline of 2.8%, while existing homes available for sale soared 18.5% year over year in May.
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18 에피소드
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