The housing market is weird right now. That's not a hot take — it's what CNBC's real estate correspondent Diana Olick will tell you flat out. In this episode, Angie sits down with Diana to make sense of what's actually happening, why it's happening, and what homeowners and buyers should be paying attention to beyond the daily noise about mortgage rates.

Here's what we discussed with Diana:

• Why the market is as strange as it is right now — and how we got here

• The supply shortage nobody is fixing fast enough, and what that means for prices

• Why first-time buyers are getting squeezed the hardest

• The mortgage lock-in effect: why people aren't moving and what that's doing to inventory

• Rates aren't going back to 3%. So what should buyers actually be waiting for?

• The markets where you can still buy a lot of house for the money • Why the starter home may not exist anymore — and how that should change your time horizon

• What homeowners who come out ahead have in common • How to see past a bad kitchen and buy the bones

• Ready to find the right contractor before your next project?

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