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 · U.S. Homeownership Inches Higher: Start of a Trend? · 2 Nov 2017 podcast

Those are some good perks. voice-verified

Yes. voice-verified

It's been quite dramatic. voice-verified

And again, it's tied to the fact that we're seeing the most new rental supply that we've seen in three decades. voice-verified

So for the most part, demand has still seemed to hold up. voice-verified

Demand has still seemed to be strong. voice-verified

But we essentially just saw a rush of investors towards apartments in the aftermath of the housing crash. voice-verified

there was a huge swing towards renting. voice-verified

And as that starts to sort of go back in the other direction towards homeownership, investors are always slow to catch up. voice-verified

So we're going to have this hangover of extra supply. voice-verified

Yeah. voice-verified

I mean, most housing economists I talk to say they think the housing market has probably another year to run or so, and that we're not going to see the kind of enormous, dramatic crash that we saw the last time around. voice-verified

Credit has been still quite tight. voice-verified

It's hard enough to get a mortgage that we're not really worried about having these massive numbers of foreclosures. voice-verified

So there is a lot of confidence. voice-verified

But I should say the caveat is, another thing that we see that surveys of homeowners and of renters show is that people are very fearful of a bubble. voice-verified

They see what you're talking about. voice-verified

They see that huge run-up in the stock market. voice-verified

They see that huge run-up in home prices. voice-verified

And I think just the last bust was so severe that people don't forget. voice-verified

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