Home prices falling at last

1 big thing

Axios

News

4 • 2K Ratings

🗓️ 8 March 2023

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The cost of buying a house has been soaring for the past few years, and prices are finally starting to fall. But things aren't much easier for first-time buyers. Also, the kidnapping of Americans spotlights violence in Mexico. And, the NTSB investigates Norfolk Southern Railway. Plus, we want to hear how you use your local library. Guests: Axios' Emily Peck and Marina Franco. Credits: Axios Today is produced by Niala Boodhoo, Alexandra Botti, Naomi Shavin, Lydia McMullen-Laird and Ben O'Brien. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: Home prices fall year over year for the first time since 2012 Criminal Violence in Mexico (CFR) NTSB to investigate Norfolk Southern safety practices amid accidents Three Years Later: How the pandemic has reshaped libraries (American Libraries) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken Pro, with all new trading features and a fully
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0:10.6	Head to pro.krakken.com and trade like a Pro.
0:13.8	Cryptocurrencies are unregulated in the UK.
0:16.0	Profits may be subject to capital gains tax and the value of cryptocurrencies can go down
0:19.7	or up.
0:25.5	Good morning.
0:26.5	Welcome to Axios today.
0:27.5	It's Wednesday, March 8th, I'm Nyla Boudou.
0:30.8	Here's what we're covering today.
0:32.3	The kidnapping of four Americans spotlights the daily threat of violence in Mexico.
0:36.8	Plus, we want to hear how you use your local library.
0:40.7	But first, home prices start to come down at last.
0:44.5	That's today's one big thing.
0:51.8	The cost of buying a house has been soaring for the past few years, but now it's finally
0:56.8	starting to fall.
0:58.5	According to the real estate company Redfin, in February, median home prices were lower than
1:03.3	they were a year ago.
1:04.8	And that's the first time we've seen a year over year decline since 2012, but that doesn't
1:10.7	make things much easier for first-time buyers.
1:13.7	Here to explain why is Axios's markets correspondent Emily Pack?
	...

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