Saturday, June 26th, 2021
Special Edition: Real Estate and Renovation Frenzy
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Today we’re talking about the booming housing market. The National Association of Realtors says home prices are at record-high levels and still climbing. The trend is fueled in part by a lack of supply. There are simply not enough houses to accommodate everyone looking to buy one right now.
We’re talking about all this and more with Daryl Fairweather, the chief economist for the real estate brokerage Redfin. She says the current situation exposes deeper, more fundamental problems with the housing industry that desperately need to be fixed.
But first, we’ll hear from the contractor and real estate investor Scott McGillivray. He’s the host of the HGTV renovation show “Vacation House Rules,” which is now in its second season. He’s talking about how material shortages have impacted the building industry, weighing in on the state of the rental market and explaining why remodeling may be preferable to buying a new house right now.
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Guest: Scott McGillivray
Scott McGillivray’s passion lies in educating people to make smart investment and renovation decisions and how to succeed in the uber-competitive world of real estate. He is best known as the star and award-winning Executive Producer of HGTV hit series’ Income Property, Moving the McGillivrays, Buyers Bootcamp and most recently, Vacation House Rules.
Scott is also an accomplished businessman. He’s CEO of McGillivray Group and McGillivray Entertainment, co-founder of real estate investing education company Keyspire, and a real estate investor with properties across North America. As a skilled contractor, best-selling author, educator, and leading guest expert, Scott is trusted for successful renovation and return on investment tactics.
Guest: Daryl Fairweather
Daryl Fairweather is the chief economist of Redfin. Prior to joining Redfin she was a senior economist at Amazon working on problems related to employee engagement and managing a team of analysts.
During the housing crisis, Daryl worked as a researcher at the Boston Fed studying why homeowners entered foreclosure. Daryl received her Bachelor's of Science from the Massachusetts Institute of Technology and received her Ph.D. and Master's degrees in economics at the University of Chicago where she specialized in behavioral economics.
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