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Where Is the Housing Market Headed?

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Where Is the Housing Market Headed?

Economy

Where Is the Housing Market Headed?

Where Is the Housing Market Headed?

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  • <iframe src="https://www.npr.org/player/embed/5690967/5690968" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

After five years of explosive growth, the housing market is finally cooling off. New national data show that the stock of unsold houses is up, prices are stable or dropping in most places, and sales this quarter are down from a year ago.

Guests:

Lawrence Yun, senior economist with the National Association of Realtors

Elizabeth Razzi, author of The Fearless Home Buyer: Razzi's Rules for Staying in Control of the Deal; real estate journalist

Robert Shiller, author of Irrational Exuberance; professor of economics at Yale University