The housing market in the United States is in gridlock these days, largely because of high interest rates. The average 30-year fixed mortgage rate is now above 7 percent, making it difficult for would-be first-time buyers to get into the market. Adam and Cameron discuss the broader implications for the U.S. economy.

Also on the show: Brazil’s presidential election Learn more about your ad choices. Visit megaphone.fm/adchoices

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