The housing market:
The housing market experienced explosive growth after the pandemic, with annual home sales surpassing 6 million units. The last time something like this happened was in 2005-2006, just before the Great Recession. This time, just like before, sales volume followed its spike with a crash to around 4 million. And housing prices, like last time, continue to rise despite the sharp drop in sales volume. The similarities end there, as in 2008, the economy fell into a deep recession, but this time, it is growing.
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(Original air-date: 11/22/24)
