Hot Property: Can Anything Take the Heat Out of the Housing Market?

The Economist (podcast), May 19, 2023–Alice Fulwood, Tom Lee-Devlin, Mike Bird
The pandemic set off skyrocketing house prices, then the Fed began to rapidly increase interest rates, pushing up borrowing costs. Many predicted this might result in a crash. But after dropping 10% from all-time highs, home prices in America are picking up again. What is going on?