Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

Matters of import

Aug 21, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Make Me Smart with Kai and Molly
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy

What effects will a cooling housing market have on the economy?

Amy Scott Nov 8, 2018
Share Now on:
HTML EMBED:
COPY
A Redfin real estate yard sign is pictured in front of a house for sale on Oct. 31, 2017 in Seattle, Washington.
Stephen Brashear/Getty Images for Redfin

The Federal Reserve has been raising short-term interest rates, but long-term borrowing costs have been rising, too. Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage rose to 4.94 percent, a nearly seven-year high. Those higher costs are taking a bite out of demand. For example, mortgage applications fell to a four-year low last week. And home sales and price increases have been slowing. Ten years ago, a housing collapse contributed to a deep recession. A decade on, what could a housing slowdown mean for the overall economy?

Click the audio player above to hear the full story.

 

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.