About this podcast

In this compelling episode of Odd Lots, hosts Joe Weisenthal and Tracy Alloway delve into the surprising resilience of the US housing market, even in the face of the Federal Reserve's aggressive interest rate hikes. Joining them is Ali Wolf, Chief Economist at Zonda, who sheds light on why mortgage rates surging hasn't had the expected cooling effect on housing prices. The discussion explores the structural issues that continue to plague the market, the unexpected boom in homebuilder activity after a brief dip, and the lessons homebuilders are drawing from this unique economic cycle. Discover the complex interplay of consumer behavior, supply chain issues, and post-crisis market scars that keep the housing market "broken" despite attempts to stabilize it.