Chris Avallone, Head of Merchant Banking at Amherst, joins the Inside Economics crew to discuss the housing market. The group examines the "lock-in" effect keeping existing homeowners in their homes and the "lock-out" effect preventing aspiring homebuyers from realizing their dreams. Chris describes a playbook that local governments could use to address zoning and free up the "locked up" housing market. After a quick stats game, Mark polls the group for their forecasts for when and how the housing market will normalize.
The recording of this podcast took place before the results of the 2024 election.
For Cris's paper on the Housing Deficit and Housing Affordability click here
Guest: Chris Avallone, Head of Merchant Banking at The Amherst Group
Hosts: Mark Zandi – Chief Economist, Moody’s Analytics, Cris deRitis – Deputy Chief Economist, Moody’s Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody’s Analytics
Follow Mark Zandi on 'X' @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn