Is the housing market finally course correcting? Weekly economy update

For most of the pandemic, the housing market has been out of control. Sellers have seen home values soar, while many buyers have either been forced to make insane offers, or simply put dreams of a new house on hold. Recent trends, however, suggest the tide could finally be turning, and that a course correction could be on the horizon. In his weekly check-in, Philadelphia economist David Fiorenza examines this storyline, breaks down the August jobs report, and looks at overall consumer confidence.