Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
Inventory Vanishing and Bidding Wars Exploding in Crazy U.S. Housing Market
If you wanted to buy a home in 2021, you probably found it a frustrating experience, rife with a shortage of options, and intense bidding wars. Well? Bad news: So far, things are even hotter in 2022. So what's going on? Where are all the homes disappearing to? Why is there nothing for sale? Why are people happy to place higher and higher bids? On this episode we speak with Mike Simonsen, the CEO and founder of the real estate data provider Altos Research, to explain the acute and long-term trends driving the market.
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