Episode Details

Inflation and Job Market Impact Home Sales: A Mixed Bag

Americans are grappling with inflation, affecting groceries, gas, and housing, while job market stability offers a glimmer of hope. Existing home sales plummeted in March, with lower consumer confidence and weaker job growth keeping potential buyers on the sidelines. Despite a steady job market, rising costs continue to worry families. Wholesale prices surged, driven by energy costs, while food prices dipped slightly. Thirty-year mortgage rates eased to six point three percent, potentially sparking housing action.

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