Why Home Prices Are Stubbornly High Despite Falling Sales

In this episode of The Housing Economy, Lucas and Luna dig into a puzzle that's confounding economists and homebuyers alike: why are home prices still climbing even though mortgage rates are near 6.4 percent and existing home sales have slumped? They look at the Case-Shiller index ticking up to 332.1, the sharp drop in building permits, and the role of rate lock-in keeping inventory tight. The conversation also explores how the upcoming Fed chair transition and talk of a July rate hike could reshape housing affordability. Lucas points to homebuilder stocks like D.R. Horton and Lennar as evidence that new construction is the only lever for supply, while Luna questions whether the lock-in effect is as powerful as everyone assumes. If you're trying to make sense of a housing market where prices refuse to budge, this episode offers a clear, data-backed breakdown. #HousingMarket #HomePrices #MortgageRates #CaseShiller #FedPolicy #HomebuilderStocks #DRHorton #Lennar #HousingSupply #RateLockIn #BuildingPermits #HousingStarts #AffordabilityCrisis #KevinWarsh #Economics #RealEstate #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo