E77: 2026: Year of Housing Recovery?

Dr. Lawrence Yun, chief economist for the National Association of Realtors (NAR), joins Mark and Jeff for a high-level conversation on where the housing market is headed next. NAR is forecasting a 14% jump in existing home sales in 2026 and calling it a potential "year of recovery," but what's changing in the market to support that? They also examine whether Kevin Warsh is the right choice to lead the Federal Reserve, and what new leadership could mean for interest rates and the broader market outlook. While affordability remains a challenge, Dr. Yun highlights a key shift: incomes are now rising faster than home prices, and with mortgage rates hovering near 6%, today may be the most affordable buying window seen in years.