Sales of existing homes dropped last month as interest rates and prices remain high.

How is the shortage of affordable homes affecting buyers and sellers.

I'm Daily Wire editor-in-chief John Bickley.

It's May 4th and this is a Saturday edition of Morning Wire.

Illegal immigrants are demanding housing after taking over a park in

Seattle one of many cities struggling to handle a massive influx of migrants.

This is clearly a crisis for this refugee community, but it is a crisis that has been

longstanding in the state of Washington, and we have to get serious about addressing the housing

issue.

And Jerry Seinfeld declares that the movie industry is over.

Is he right?

I have no interest in gender or race or anything like that,

but everyone else is kind of with their little

calculating, is this the exact right mix? To me it's anti-comedy.

Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.

Last month the housing

affordability fell to its lowest point in nearly four decades.

Here with what's driving the trend is Daily Wire Senior Editor Cabot Phillips.

Hey Cabot, so some

concerning news from the housing market here, what are we seeing?

Yeah, the number of homes sold last month fell at its fastest pace since

November of 2022. From February to March we saw a 4.3% drop in overall

...