Laura Kusisto

speaker

689 appearances 14 recordings 1 series first heard Jul 2017 last heard Nov 2023

Laura Kusisto’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Lenders Relaxing Credit Rules as Home Prices Rise · 11 Apr 2018 podcast

So to a lot of people who lived through a couple of years where we had 3.5%, 4.4% still feels like a pretty high rate. voice-verified

So that psychological barrier is definitely going to be a challenge. voice-verified

Yeah, thanks so much. voice-verified

WSJ Your Money Briefing · Why a Housing Shortage Is a Threat to the Economy · 1 Feb 2018 podcast

Yeah. voice-verified

And so these are cities where, really going back for the last couple of years, we've seen, in many cases, double-digit increases. voice-verified

And it's really a perfect example of what's going on around the country, where you have an influx of young tech, a lot of, and often cases, technology workers, where you see wages rising. voice-verified

Essentially, you see a very strong economy, but you've seen very little new construction in these areas. voice-verified

And it's really sort of a perfect storm, creating these price increases. voice-verified

Right. voice-verified

Absolutely. voice-verified

So right now we're seeing home prices grow at about twice the rate of wages and about three times the rate of inflation. voice-verified

And so over time, that just puts pressure on households. voice-verified

That means that even if you're making more money, you won't feel like it because your housing costs are going up so quickly. voice-verified

So it's a real critical economic issue going forward. voice-verified

Yeah, absolutely. voice-verified

So we generally saw a pretty weak market this year in terms of the volume of sales. voice-verified

And that seems to be a reflection of people really either struggling to get into the market and buy their first home or people who already own a home looking around and saying, you know what, I just don't want to deal with this. voice-verified

I'm going to stay in place. voice-verified

Yes, although I think we'll probably see mortgage rates start to rise this year, so that's going to be a headwind. voice-verified

But certainly last year, we had still pretty historically low mortgage rates. voice-verified

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