This episode is sponsored by Nexo.io, Chainalysis and FTX US.
On today’s episode, NLW looks at the housing market, which has shifted dramatically in the last six months. Mortgages today cost more than double what they did last year – the biggest year-over-year jump since those numbers started being recorded in 1975. Homebuilder sentiment is down for the ninth consecutive month – the first time that’s happened since 1985. All in all, the picture being painted isn’t pretty. Is it a “housing recession?”
See also: Bitcoin Outlook as Federal Reserve Hikes Rates to Highest Since 2007; Kraken CEO to Step Down
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Cemile Bingol/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
