US Housing Has Hit Bottom, Moody's Zandi Says

The video discusses the current state of the housing market, focusing on mortgage rates and their impact on home sales and construction. It highlights affordability issues and the role of concessions in new home sales. The discussion also covers the effects of the 30-year mortgage on the US housing market, emphasizing its short-term protection but long-term mobility reduction. The need for lower mortgage rates, house prices, or higher incomes to restore market activity is emphasized.

What role do concessions from home builders play in the new home sales figures?

What are the potential long-term effects of the 30-year mortgage on the US economy?