Today’s HousingWire Daily is an episode of the Houses In Motion series, hosted by Senior Real Estate Reporter Matthew Blake. Blake interviewed Daryl Fairweather, chief economist at Redfin, who explained how the public policies and business decisions made after the housing bubble burst in 2008 capped who is able to buy a house and led to the current inventory shortage.

Fairweather argued that these limits came as demand soared thanks to low interest rates and a shift toward millennial homebuyers. Fairweather also discussed how climate change might affect real estate going forward.