2025-05-23
10 分钟Here's your money briefing for Friday, May 23rd.
I'm Mariana Aspuru for The Wall Street Journal.
The housing market still hasn't found its footing.
Mortgage rates are hovering around 6.75 percent.
Prospective buyers and sellers are worried about the economy.
And prices aren't that much lower than record highs.
Meaning the spring home buying season has been...
The spring is crucial for the real estate industry.
And if the market is slow this spring, it can be hard for home sales to recover in the fall.
And so it really sets the tone for what we might expect for the whole year.
I spoke with Wall Street Journal reporter Nicole Friedman about how the latest numbers can help us understand what happened and what's next.
That's after the break.
The spring housing market seems to have been a disappointment for buyers and sellers.
Wall Street Journal reporter Nicole Friedman joins me to talk about what happened.
Nicole, you write about how this housing season is shaping up to be a dud.
What key indicators suggest that?
So the most important indicator is just the number of home sales.
And that has been very low for a couple of years now.
So the number of existing home sales in April was 4 million at a seasonally adjusted annualized rate,
which means that if sales continued at this pace for a year,