All these sellers, but where are the buyers?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 February 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
Tons of sellers listed their homes in January, after months of waiting in vain for mortgage rates to fall. But many would-be buyers are facing economic uncertainty and aren’t ready to make an offer. Plus: A FEMA rule forces residents of flood-prone areas to make a difficult decision, developing countries will drive global energy demand in the next few years and when colleges close, local communities suffer.
Transcript
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| 0:00.0 | It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business. |
| 0:10.8 | Shopify is the commerce platform revolutionizing millions of businesses worldwide. |
| 0:16.9 | Covering all your sales channels, from a shopfront-ready POS system to its all-in-one |
| 0:22.5 | e-commerce platform, Shopify even gets you selling across social media marketplaces, like |
| 0:28.4 | Facebook, Instagram, and TikTok. It's time to get serious about selling and get Shopify today. |
| 0:35.3 | Sign up for a one pound per month trial at Shopify.com.uk. |
| 0:40.0 | U.K. slash Marketplace 22, all lowercase. Go to Shopify.com.uk.U.K. slash Marketplace 22 to take your business to the next level today. Shopify.co.uk.uk slash Marketplace 22. |
| 0:58.0 | Did you know housing makes up roughly 16% of the U.S. economy? We're going to talk about it. |
| 1:04.6 | From American Public Media, this is Marketplace. |
| 1:16.8 | Thank you. This is Marketplace. In Baltimore, I'm Amy Scott in for Kai Rizdahl. |
| 1:20.6 | It's Monday, February 17th. |
| 1:22.9 | Good to have you with us. |
| 1:24.5 | One of the weaker pillars of this relatively strong economy has been the housing market, with the combination of high prices and interest rates, plus a low supply of homes for sale. But that last part, supply has been picking up lately. A new report from Redfin says there are more homes for sale now than there have been at any other point in the last five years. |
| 1:48.5 | Demand for homes, though, is the lowest it's been since then. |
| 1:52.7 | Marketplaces Samantha Fields looks into what's keeping would-be buyers on the sidelines. |
| 1:57.9 | It has been a slow start to 2025 for the housing market. There's a lot of pent-up |
| 2:03.0 | demand out there, but buyers were certainly moving very cautiously in January. Lisa Sturdivant |
| 2:10.1 | at Wright MLS says there are a couple of reasons for that. The most obvious is that mortgage rates |
| 2:15.0 | have just remained much higher than maybe some prospective |
| 2:17.9 | homebuyers were hoping. |
| 2:19.5 | Many of them were expecting mortgage rates to come down after the Fed cut interest rates last year. |
| 2:24.6 | Instead, they ticked up. |
... |
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