Housing market feels the effects of higher interest rates
Susan Schmidt discusses market activity with us as numbers show dropping home sales and mortgage applications. Also, the BBC provides an update on how Europe is handling the Russian gas conundrum. We speak with the BBC’s Victoria Craig about the interest rate decision from the European Central Bank.
A "For Sale by Owner" sign is posted in front of property in Monterey Park, California on April 29, 2020. - Home prices in the US grew in February to its highest level in over a year heading into the traditional Spring selling season but momentum in the nation's housing market has been reversed due to the coronavirus pandemic. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
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