What's behind sluggish home sales?
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 12 May 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
In late February, mortgage rates dipped below 6%, and affordability was beginning to improve. In April, people bought and sold more homes than they did the year before, but not by much. The reason? A whole new source of uncertainty brought on by war in the Middle East. Later in the show: While specialty farmers aren't caught in trade war crosshairs the way commodity farmers are, they still have plenty to worry about domestically.
Transcript
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| 0:00.0 | Storms, floods, and fires are ever more extreme. |
| 0:04.2 | And yet, the Federal Emergency Management Agency is fighting for its life. |
| 0:08.5 | I've never been a big fan of FEMA. |
| 0:10.0 | FEMA's a disaster. |
| 0:11.1 | FEMA's a dirty way. |
| 0:11.9 | People are waking up in droves to the FEMA camps. |
| 0:14.8 | Can the agency survive the stories that have been told about it? |
| 0:18.2 | And can we survive without FEMA? |
| 0:20.6 | American Emergency, the Movement to Kill FEMA, is a brand new series from WNYC's On the Media. |
| 0:27.2 | Listen, wherever you get your podcasts. |
| 0:31.4 | Home sales, we were all rooting for you. |
| 0:35.4 | From Marketplace, I'm Sabrina Bennisier in New York. |
| 0:38.2 | Last month, April, people bought and sold more homes than they did the year before. |
| 0:44.2 | But not by much. |
| 0:45.2 | It was up just two-tenths of a percent. |
| 0:46.9 | This is according to numbers released by the National Association of Realtors. |
| 0:50.1 | All of that yearly sales growth was happening in the South. |
| 0:53.5 | Existing home sales were flat in the West and fell in the Midwest and Northeast. |
| 0:58.6 | So we asked Marketplaces, Carla Javier, to look into why sales have been so sluggish. |
| 1:04.0 | There were signs that home sales were going to pick up this year, says Lisa Sturdivant at Bright MLS. |
| 1:10.0 | Mortgage rates were going to come down. |
| 1:11.8 | Listings were on the rise. |
... |
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