Economy, Credit Keeping Homebuyers on the Sidelines

The video discusses the decline in new home sales, highlighting two main drivers: the fading baby boom and the impact of the Great Recession. It explores the challenges in the housing market, such as financial barriers for potential buyers, including insufficient down payments and credit issues. The video contrasts the housing market with the auto industry, noting that while auto sales have rebounded due to subprime lending, the housing market remains constrained by stricter loan regulations.

How does the auto industry differ from the housing market in terms of financing?

What impact did the recession have on independent home lenders?