( ) -q-26- UNDATED (Correspondent Jeremy House) “of this year.” The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season. [CutID: <Cuts> HOUSING-SLUMP-house-q-MONam.mp3 Time: 26s Title: HOUSING-SLUMP-house-q-MONam Out-cue: of this year] TAG: Correspondent Jeremy House reporting. A small decline in rates may not […]
Audio
The US housing slump deepened this spring
( ) -q-26- UNDATED (Correspondent Jeremy House) “of this year.”
The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season.
[CutID: <Cuts> HOUSING-SLUMP-house-q-MONam.mp3
Time: 26s
Title: HOUSING-SLUMP-house-q-MONam
Out-cue: of this year]
TAG: Correspondent Jeremy House reporting. A small decline in rates may not be enough to improve affordability, and may drive prices higher.
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VERBATIM: Sales of previously occupied U.S. homes fell in the March-to-May period from a year earlier, and early June data point to another down month. The lackluster spring sales are a reflection of the affordability challenges many home shoppers face due to elevated mortgage rates, a shortage of properties on the market and record-high home prices. Economists are projecting mortgage rates will ease modestly by the end of this year.