Latest / Markets with Megan: A Quick Financial Markets Update
038: Markets with Megan - Housing Report 08-23-23
Megan discusses two crucial housing indicators: existing home sales and new home sales, providing observations that shed light on the current market trends.
The episode opens with a focus on existing home sales, which took an unexpected downturn, plummeting to their lowest level since January. Megan attributes this decline to the surge in interest rates, with mortgage rates reaching a peak not witnessed since December of 2000, clocking in at 7.3 percent. This upward trajectory in rates has presented a challenge for both prospective homebuyers and those who are reluctant to part ways with…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.