April 11, 2022· 50 min

This Is What 5% Mortgage Rates Mean Now For The Housing Market

Orality

Model

50%

Speaker Breakdown

HostTracy Alloway(2,689 words)

M:29%

HostJoe Weisenthal(2,087 words)

M:28%

Oral Indicators

Agonistic32%

amazing, very, obviously

Engagement66%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

know (169x), like (157x), it's (80x)

Parallelism91%

And I'm Tracy Alloway...., So, Tracy, you bought a house ..., So first of all, we put in thr...

Sound Patterns92%

98 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

you know what, i mean

Literate Indicators

Hedging8%

maybe, quite, arguably

Passive Voice8%

are worried, being reminded, been stressed

Abstract Nouns18%

investment, consumption, moment

Subordination7%

because, while, although

Sentence Length38%

Avg: 14.6 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style34%

707 personal pronouns found

Descriptive Style100%

recently, finally, really

Description

For much of the last two decades, housing has been the consummate macro asset. It was at the heart of a huge boom. Then there was the crash and the Great Financial Crisis. Then there was slow comeback and return to normal. And then amidst the pandemic, housing became insanely hot for a variety of reasons. But now housing is also a micro story, as the housing supply chain -- not a topic many people have put much thought into previously -- is a key reason why home construction is slow. So where does this all stand, now that mortgage just broke 5%? Do understand the state of the market, we speak with Conor Sen, a Bloomberg Opinion contributor and the founder of Peachtree Creek Investments as well as Dustin Jalbert a senior economist at Fastmarkets, with a specialty on the lumber market. We examine housing from both the macro perspective as well as the supply chain. See omnystudio.com/listener for privacy information.

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