Today is Saturday, April 15th.

Spring and summer are usually the busiest seasons for real estate.

Right now, Redfin's Chief Economist, Darryl Fairweather,

is calling America's housing market a desert.

She's here to explain how interest rates have affected home prices and availability.

And what all the data really means for both buyers and sellers.

She also weighs in on whether so-called starter homes still exist.

If there is ever truly a right time to buy,

her predictions for the rest of the year and so much more.

Welcome, welcome to The Newsworthy Special Edition Saturday.

When we sit down with a different expert or celebrity every Saturday to talk about something in the news.

Don't forget to tune in every Monday through Friday for our regular episodes,

where we provide all the day's news in 10 minutes.

I'm Air Commandy, it's now time for today's Special Edition Saturday.

Darryl Fairweather, thank you so much for coming on The Newsworthy.

Thank you for having me.

So first, can you just summarize the state of the housing market in general

and especially in terms of two things.

Prices of homes right now and the number of homes available.

It's like a desert for the housing market right now.

There are just so few transactions happening.

There is a steep decline in demand because mortgage rates have made

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