Why Buying a House Is Becoming Less Affordable
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 11 December 2023
⏱️ 15 minutes
🧾️ Download transcript
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| 0:00.0 | This episode is brought to you by Pepsi Max. Christmas is great, but there's loads of ways to make it better. |
| 0:08.0 | Like sneaking some chili into the gravy for some extra oint, or building a playlist that will even get your |
| 0:14.8 | none up on the table or just cracking open an ice cold Pepsi Max. |
| 0:20.1 | Christmas. |
| 0:23.0 | Better with Pepsi Max. |
| 0:34.9 | The special counsel is asking the Supreme Court to rule quickly on former President Donald Trump's immunity and home ownership has become a pipe |
| 0:39.6 | dream for more Americans and it's likely to stay that way for some time. |
| 0:43.7 | The math is not expected to change anytime soon. |
| 0:47.1 | Home prices are not expected to fall back to pre-pandemic levels and the Fed is expected to hold interest rates steady in the near term and |
| 0:55.9 | right now the usual tricks that people turn to are not working. |
| 1:00.1 | Plus Occidental Petroleum joins the consolidation spree in the industry and buys Oil and Gas Company Crown Rock. |
| 1:07.0 | It's Monday, December 11th. |
| 1:09.0 | I'm Sabrina Siddiqui for the Wall Street Journal, sitting in for Anne-Marie Fertoli. |
| 1:13.2 | This is the PM edition of What's News, the top headlines and business stories that move the world |
| 1:17.8 | today. New York is joining chip companies to invest $10 billion in a semiconductor research |
| 1:29.7 | facility near the university at Albany in a move that's set to bring advanced chip-making equipment to the state. |
| 1:36.0 | Construction will be coordinated by NY creates, a non-profit that oversees the Albany Nanotech complex where the facility is to be built. |
| 1:44.1 | The project will also use state funds to acquire chip-making equipment from ASML |
| 1:48.4 | holding, a Dutch company whose machines are key to making the most advanced chips possible. |
| 1:54.0 | Wall Street Journal reporter Aisa Fitch joins me now to discuss |
| 1:57.7 | Aisa, which industry players are going to be involved? |
| 2:01.0 | Mainly chipmakers and suppliers of chip-making equipment, so IBM is involved Micron, which makes computer |
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