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Pandemic-Era Real Estate Market Is Crazy!  A Windfall for Sellers, Headaches for Buyers

Pandemic-Era Real Estate Market Is Crazy! A Windfall for Sellers, Headaches for Buyers

FromThe Daily Dive


Pandemic-Era Real Estate Market Is Crazy! A Windfall for Sellers, Headaches for Buyers

FromThe Daily Dive

ratings:
Length:
20 minutes
Released:
May 11, 2021
Format:
Podcast episode

Description

The pandemic-era real estate market is crazy and it’s showing no signs of slowing down. This time has been a windfall for sellers entertaining multiple offers above asking price and headaches for buyers, where offering more money is no longer good enough, contingencies are being waived and other concessions are also being made. Aimee Picchi, reporter at CBS MoneyWatch, joins us for the ulta-tight pandemic housing market.




Next, the economy is in comeback mode but businesses can’t find enough people to hire, despite millions of people that are still unemployed. Potential workers are holding back because of fears of getting sick, lack of child care, and some are still making more money with enhanced unemployment benefits than they made in their pre-pandemic jobs. Eric Morath, labor and economics reporter at the WSJ, joins us for why despite an economy ready to be on fire, some businesses can’t find employees.




Finally, similar to the housing situation, if you are in the market for a used car, good luck. You can expect high prices and fewer options. The average price for a pre-owned vehicle hit a record of over $25,000 in April. A global chip shortage is slowing down new-car inventory, people are holding on to their leases longer, and less inventory at rental car companies are all playing a part in these higher prices. Nora Naughton, auto industry reporter at the WSJ, joins us for more.

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Released:
May 11, 2021
Format:
Podcast episode

Titles in the series (100)

Start your day with The Daily Dive. News without the noise, told straight. Explore the most interesting news of the day. Connect with the writers, analysts and reporters that know the real story. Hosted by Oscar Ramirez in Los Angeles, this 20 minute podcast will be ready for you when you wake up. (Posted by 6 AM EST)