Prices fall, unemployment rises and Boomers have all the houses

This podcast episode discusses various economic indicators and trends in the housing market. Firstly, it covers the Producer Price Index (PPI) and unemployment claims, noting a decrease in prices and an increase in claims. This suggests a weakening labor market and the possibility of a less aggressive interest rate hike by the Federal Reserve. Secondly, it explores the shift in the age of repeat home buyers, with the median age increasing from 36 to 58 years old. This trend is attributed to high housing costs and older buyers' accumulated wealth. Consequently, younger buyers are finding it harder to enter the housing market. Lastly, the episode highlights the advantage of older buyers in the current housing market, with boomers benefiting from more financial resources and home equity, while younger buyers struggle to save for a down payment.