It’s a rough housing market out there, folks

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 20 January 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

A drop in preowned home sales in December was the cherry on top of the worst year for the U.S. housing market since 1995. We’ll get into the causes of the slump and what it would take for the housing market to get back on track. And, a tax deal that would expand the child tax credit is gaining momentum. Then, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

- “Strong bipartisan showing in first test of tax deal’s support” from Roll Call

- “Mars Express finds evidence of large water deposit at the Medusae Fossae Formation” from Phys.org

- “What Is an Assumable Mortgage?” Buy Side from The Wall Street Journal

- “US Existing-Home Sales Decline to Cap Worst Year Since 1995” from Bloomberg

- “Expect restaurants to go all in on breakfast this year” from Marketplace

- ‘”Super shoes” take their place in the $50B running shoe market” from Marketplace

- “Can robots make us less lonely?” from Marketplace

- “It doesn’t take a Mathlete to know a “Mean Girls” remake adds up for Hollywood” from Marketplace

- “What happens when a school bans smartphones? A complete transformation” from The Guardian

We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Transcript

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0:00.0	Everybody loves them some Amy Scott.
0:04.0	And some Kimberly Adams.
0:07.0	And this is how we have to start every Friday,
0:12.0	just with the Affirmation. Positive Affirmation. This is how we have to start every Friday, just the affirmation.
0:13.0	Positive affirmation.
0:16.0	Hello everyone, I'm Kimberly Adams.
0:17.6	Welcome back to Make Me Smart, where we make today make sense.
0:22.1	It is Friday, January the 19th. Kai is out today but joining me for
0:27.0	economics on tap is the wonderful Amy Scott. Hey Amy. Hey, Kimberly, hi everybody.
0:33.4	Good to be back.
0:34.4	As always, thank you for joining us on the podcast.
0:37.2	And if you're joining us on YouTube, live stream.
0:40.1	Hello.
0:41.5	It is Friday, and of course that means it's time for our weekly happy hour episode. I was ready for it
0:48.3	All right, so we are going to get to some news. We're going to take a break, but before we get to any, and of course, play a round of half full, half empty.
0:57.0	But before we get to any of that, I want to know what you're drinking while I try to lower my cat on to the visible side of the
1:03.4	bed with some treats. Jasper needs to make an appearance. So I was just
1:08.9	complaining about how cold it is in this uninsulated closet where I record for Marketplace.
1:14.7	So I made myself some hot cocoa because we have snow in Baltimore.
1:20.1	Yay, after two years of almost no snow, it's been super fun to look outside and see that beautiful white fluffy stuff so yeah peppermint hot cocoa
1:29.8	We'll see if I did a good job stirring it.
1:32.6	How about you, Kimberly?
	...

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