House prices are increasing at their fastest pace since the peak of the pre-Financial Crisis housing boom, fueled by shortfalls in supply and record-low mortgage rates. As a rising share of market participants adopt an auction mentality, economists and policymakers are growing concerned about overheating. In this segment, Dr. Frank Nothaft, Chief Economist of CoreLogic and former Chief Economist of Freddie Mac, joins Sam Chandan to discuss the latest CoreLogic data, the potential for a correction, the outlook for affordability, trends in the single-family homes for rent (SFR) market, and more.
The Urban Lab is a non-partisan program featuring leaders in private industry, public service, and academia, who join us to share their views on improving all aspects of urban life, the competitiveness of cities, the housing market, and urban epidemiology and public health. The views expressed by guests are not necessarily those of the hosts or producers.
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