The Housing Market Slumped This Spring. Where Does It Go From Here?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 23 June 2026

⏱️ 13 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

P.M. Edition for June 23. Mortgage rates dipped below 6% in February, but geopolitical tensions and a hawkish Federal Reserve have sent rates back up. Journal reporter Nicole Friedman discusses what that means for the rest of 2026, and how the housing market could bounce back from a slump this spring. Plus, the Trump administration is pushing for a nuclear power renaissance. The Energy Department is making $17.5 billion in low-interest loans available to help finance the construction of nuclear reactors. We hear from Jennifer Hiller, who covers the power industry for WSJ, about how the program would work. And the tech selloff deepened today, with the Nasdaq dropping 2.2%. WSJ markets reporter David Uberti walks us through what’s driving the dip. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:33.4	The AI rally that boosted tech stocks has turned into a sell-off.
0:37.9	Is it time to be worried yet?
0:39.4	These stocks have had such an incredible run that even while these sort of daily declines seem big and are evaporating a lot of value for investors, it's really kind of a blip.
0:50.0	Plus, a late winter drop in mortgage rates wasn't enough to save the spring home buying season.
0:55.2	We get into what it would take for the housing market to bounce back.
0:58.6	And move over detergent pods.
1:00.7	The company behind Tide now wants you to wash your clothes with tiles?
1:05.0	It's Tuesday, June 23rd.
1:07.0	I'm Alex O'Souillev for the Wall Street Journal.
1:08.9	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:18.8	The tech sell-off that has been rippling around the world deepened today.
1:23.0	The NASDAQ dropped 2.2%.
1:25.1	Intel, Nvidia, Oracle, and Tesla all fell 4% or more, following steep losses
1:31.0	in big tech stocks yesterday. The S&P and Dow had smaller losses falling about 1.4% and 0.1%.
1:38.0	For more on what's driving stocks lower, I'm joined by WSJ Markets reporter David Uberti.
	...

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