Matthew Schmidt

Household growth follows job growth.

And I think the trend in job growth over the last few years has been slowing.

Right now, a lot of the forces are negative.

They're working against housing demand, whether it's rising unemployment, slowing job growth, inflation, the return of student loan debt payments.

And so we're expecting that drop in immigration to translate into a further drop in households.

The housing market is kind of cyclical in that way, right?

Like supply chases demand, demand chases supply.

Right now, we are living through some of the most tumultuous political times our country has ever known.

I'm David Remnick, and each week on The New Yorker Radio Hour, I'll try to make sense of what's happening alongside politicians and thinkers like Cory Booker, Nancy Pelosi, Liz Cheney, Tim Walz, Katonji Brown-Jackson, Newt Gingrich, Robert F. Kennedy Jr., Charlemagne the God, and so many more.

I am feeling good.

Well, I'm not feeling so good about the deal.

I think the deal is basically a way to paper over the strategic loss that we're really looking at here if you're the Trump administration.

I think that it's optimistic.

to think that the U.S.

will feel gas price relief very quickly.

It will take a while for the global systems to all sort of turn back on.

So I think that's going to be a mirage on his side politically.

And it's important to remember that what Iran has taken away from this is the regime can survive an attack from the greatest military in the world.

It's actually in a stronger position than it was prior to

to the war.