90.7 WMFE and 89.5 WMFV are Central Florida's primary provider of NPR programming and Classical Music. Part of the community since 1965, providing quality national and local news and programming. We inspire and empower all Central Floridians to discover, grow and engage within and beyond their world.
Support for 90.7 WMFE is provided by

Fishkind Conversations: Why Is The Housing Market Ho-Hum In A Booming Economy?

Play Audio
Image Credit: Mark Moz via flickr and Creative Commons

Image Credit: Mark Moz via flickr and Creative Commons

Housing affordability is becoming an increasing problem across the nation and particularly here in Central Florida. Economic analyst Dr. Hank Fishkind notes how odd this is, given that the country is enjoying the longest economic expansion in U.S. history with very low interest rates and strong gains in employment.

Those circumstances normally would have triggered a boom in home construction and home sales, but that has not happened.

Although mortgage rates are extraordinarily low, touching 3.77% last week with steady job growth for a decade, home sales are down 2.2% this year and have been essentially flat since 2014. New home sales have followed a similar trajectory. And residential construction has not even recovered to its annual average based on data back to 1960.

Fishkind tells 90.7’s Nicole Darden Creston what’s causing the odd behavior of housing markets, especially across Central Florida.

Click the Play Audio button to hear their conversation.

Get The 90.7 WMFE Newsletter

Your trusted news source for the latest Central Florida news, updates on special programs and more.

Stay tuned in to our local news coverage: Listen to 90.7 WMFE on your FM or HD radio, the WMFE mobile app or your smart speaker — say “Alexa, play NPR” and you’ll be connected.

WMFE Journalistic Ethics Code | Public Media Code of Integrity

Nicole Darden Creston

About Nicole Darden Creston

All Things Considered Host and Reporter

Nicole came to Central Florida to attend Rollins College and started working for Orlando’s ABC News Radio affiliate shortly after graduation. She joined WMFE in 2010. As a field reporter, news anchor and radio show host in the City Beautiful, she has covered everything from local arts to national elections, from ... Read Full Bio »