realtor.com chief economist danielle hale joins us next. i love your dress. oh thanks! i splurged a little because liberty mutual customized my car insurance and i saved hundreds. that's great. i know, right? i've been telling everyone. baby: liberty. did you hear that? ty just said her first word. can you say “mama”? baby: liberty. can you say “auntie”? baby: liberty. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ cheryl: younger americans are farther away from owning a home, 20% of men and 12% of women under the age of 35 are living with mom and dad to save for a down payment. average homeownership in the u.s. has risen to 66% and for those under 35, the rate is down to 38% and everyone is facing higher prices, jumping up in major u.s. cities for the ninth straight month at an all-time high. mortgage rates have finally fallen below 7% with a 30 year fixed at 6.6%, this change things, joining me to tell us warehousing goes from here realtor.com chief economist danielle hale, thank you so much for bein

this change things, joining me to tell us warehousing goes from here realtor.com chief economist danielle halech for being here. >> thank you for having me, where are we in the housing market. 2023 was about the supply issues you had the folks that did not want to put their home on the market because they were not going to get the price that they wanted and then you had the younger buyers that could not afford the higher mortgage rate that was being asked, where are we now? >> some of those themes from 2023 will continue into 2024. the reason we don't have enough homes on the market is in part because high rates are causing homeowners to sit on the sideline and keep the rate that they have right now which is much lower than what they can get on the market but another reason we haven't had that construction over the last decade we see more households formed than homes that have been built that's what of the reasons it's hard to find a home to buy and why a young adults are living with their parents instead of striking out on their own. it's really challenging time in the housing market, some of

he was in for daniel hale and for you and for a jeffrey sterling and so many other a whistle blowers and but that, that assigned case really got to him. and he spent so much time we had conversations. so once a week, i call him on his phone and say dad l squared here, speak up, so i speak up and act and we have, we just loved the conversations. we are serious guy, a very serious guy. we did have a sense of humor, and we have diesel, a lovely chat. but the assigned case, like i said, nobody was more zealous and fervent and eloquent. uh then, uh, daniel ellsberg on. i want to ask you about that quality time that you spent living with daniel ellsberg and with his family. this was during the period when dan was experiencing writer's block of all things in trying to complete his epic work on the history of nuclear weapons. tell us about that and about how he was able to break through and complete that book. well i 1st i'd say just spending 10 days with dan and patricia in their home that um was a life changing for me. and i was, uh, it was a week of my 56 birthday and dan is a very, very