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The real-estate industry had high expectations going into the spring selling season, but mortgage rates, economic instability, and affordability sidelined prospective buyers – again. Wall Street Journal reporter Nicole Friedman joins host Ariana Aspuru to break down what happened. Further reading: Buying a Home in 2025: Navigating the Crunch Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for April 24. Chinese officials call for full repeal of levies and dismiss suggestions that trade talks with Washington have begun. WSJ Asia economic reporter Jason Douglas says President Trump's apparent softening on tariffs against China strengthens Chinese leaders' resolve that he will eventually cave if they wait him out. Plus, U.S. home sales fell 5.9% in March, their biggest drop since 2022. WSJ reporter Nicole Friedman joins to discuss what's behind the fall that comes at the start of the crucial spring season. And Florida Gov. Ron DeSantis hopes to address a labor shortage with teenage workers. WSJ reporter Tali Arbel discusses how Florida might remove the barriers for teenage workers. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Many prospective homebuyers may find themselves locked out of the market again this year. What key signs should buyers watch for in the coming months? In the final episode of our special series, “Buying a Home in 2025: Navigating the Crunch,” host Ariana Aspuru takes a closer look at the ongoing challenges facing the housing market, with Wall Street Journal reporters Veronica Dagher and Nicole Friedman, and Redfin's chief economist, Daryl Fairweather. We'll explore the challenges facing builders, from President Trump's tariffs and the Federal Reserve's plans for interest rates to the impact of potential deportation-induced labor shortages. We'll break down how these factors will affect the construction of new homes and could shape the housing landscape in the future. Catch up on previous episodes here. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
In September, 32% of the average single-family mortgage payment went to property taxes and home insurance, the highest rate ever for data going back to 2014, according to Intercontinental Exchange. Wall Street Journal housing reporter Nicole Friedman joins host J.R. Whalen to discuss what's driving up expenses. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for Oct. 23. Matt Wirz, who writes about credit for The Wall Street Journal talks about why Wall Street is excited about NAVs, SRTs and CDOs. And U.S. home sales hit another nearly 30-year low. Journal housing reporter Nicole Friedman explains why new buyers are staying on the housing market sidelines. Plus, with deadlocked polls and the memory of 2016, White House reporter Tarini Parti says Democrats are becoming more anxious ahead of Election Day. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for Sept. 19. The attacks using booby-trapped Hezbollah devices was a tactical win for Israel. National security and foreign policy correspondent Michael Gordon discusses whether it was a strategic one as well. And U.S. home sales were down in August. The Journal's Nicole Friedman talks about why lower mortgage rates can't offset rising home prices. Plus, WSJ reporter Will Parker explains how property investors capitalize on the American Sunbelt's manufacturing boom. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
A settlement reached by the National Association of Realtors over inflated commissions has changed the way real-estate agents collect payments. Wall Street Journal housing reporter Nicole Friedman joins host J.R. Whalen to discuss how the deal gives buyers more negotiating power. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for May 22. French President Emmanuel Macron is heading to France's Pacific territory of New Caledonia, in an attempt to end riots that have rocked the archipelago. And three European nations say they will recognize a Palestinian state amid frustration with Israel's handling of the war in Gaza. Plus, The Wall Street Journal's Nicole Friedman explains why the housing market remains stalled as U.S. home sales fell for the second straight month. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
A.M. Edition for May 17. Advisers to the former president are drawing up plans for an unprecedented immigration crackdown that could lead to the deportation of as many as 20 million migrants. Plus, China has announced its first large-scale intervention into the country's collapsed housing market, by buying unfinished and unsold homes. And the WSJ's Nicole Friedman explains why the tide might finally be turning for U.S. buyers, as the amount of homes for sale picks up in Florida and Texas. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's not just the cost of buying a home that's going up. It's also the hidden costs — like taxes, maintenance and insurance — that are going through the roof. WSJ's Nicole Friedman explains why these prices are rising so fast, and what it means for the housing market. Further Listening: -'It's on Fire': Why the Housing Market Is Booming Further Reading: -The Hidden Costs of Homeownership Are Skyrocketing -Home Buyers Are Ready to Buy. But Sellers Aren't Selling. Learn more about your ad choices. Visit megaphone.fm/adchoices
Home affordability hasn't been this bad in decades. Wall Street Journal housing reporter Nicole Friedman explains the economic forces shaping the market. And Dave Ramsey, the popular, controversial finance guy, says this time isn't that different. This episode was produced by Amanda Lewellyn, edited by Jolie Myers fact-checked Kim Eggleston and Laura Bullard, engineered by David Herman, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices
Chipmaker Nvidia is having a strong start to the year. The company is currently the best performing stock in the S&P 500 for 2024 and the fourth largest company in the U.S., with a value of about $1.8 trillion. But how are investors feeling about Nvidia's success? Ahead of the company's earnings report later this week, we're speaking with Cathie Wood, CEO and chief investment officer of ARK Invest, who recently went from a buyer to a seller of Nvidia stock. Cathie shares insight into that decision and what she's most looking forward to from this week's report. You can hear an extended conversation with Cathie Wood - plus other exclusive content - on WSJ SPECIAL ACCESS. Available on Spotify and Apple Podcast. Then, we're turning our attention to Thursday's existing home sales report from the National Association of Realtors. Few markets have been as impacted by inflation as the housing market. With mortgage rates touching the highest level in 23 years in October, we bring on WSJ housing reporter, Nicole Friedman, to discuss what that means for potential homebuyers and sellers. Lastly, we keep Nicole around to discuss inflation and how it's shifted homeowners to focusing less on selling and more on renovating their homes. We'll also be looking out for signs that prices are rising again in the earnings reports we're expecting this week from Walmart and Home Depot.
Mortgage rates came down from their peak in 2023, but it may not be enough to increase inventory and allow prospective buyers as well as current renters to make a purchase. Wall Street Journal housing reporters Nicole Friedman and Will Parker join host J.R. Whalen to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
On the podcast today, we welcome back real estate expert and author Ilyce Glink. Ilyce writes a nationally syndicated column on real estate matters, and she has written more than a dozen books on real estate and homebuying, including 100 Questions Every First-Time Home Buyer Should Ask, which is now in its fourth edition. She is also a regular contributor to WGN Radio. In addition, she is founder and CEO of Best Money Moves, an award-winning financial wellness company that helps employees of more than 1,000 companies to improve their financial wellness and reduce financial stress. Ilyce received her bachelor's degree in English literature from the University of Illinois at Urbana-Champaign.BackgroundBioWGN Radio100 Questions Every First-Time Home Buyer Should Ask, Fourth Edition, by Ilyce GlinkBest Money Moves“Ilyce Glink: The State of the U.S. Residential Real Estate Market,” The Long View podcast, Morningstar.com, June 28, 2022.State of the Housing Market“Home Prices, Rents Will Continue to Rise With Short Supply of Houses on Market, Analysis Finds,” by Ilyce Glink and Samuel J. Tamkin, Washingtonpost.com, July 28, 2021.“Homeowners Don't Want to Sell, so the Market for Brand-New Homes Is Booming,” by Nicole Friedman, wsj.com, July 19, 2023.“Love, Money + Real Estate #014,” by Ilyce Glink, glink.stubstack.com, May 3, 2022.“2023 Home Buyer Resolutions,” by Ilyce Glink, thinkglink.com, Dec. 26, 2022.“Want to Buy a Home? Good Luck. We're 4 Million Homes Short,” by Ilyce Glink, thinkglink.com, April 20, 2021.“Underbuilding Has Led to ‘Acute Shortage' of Housing and ‘Affordability Crisis' Study Says,” by Ilyce Glink and Samuel J. Tamkin, Washingtonpost.com, July 19, 2021.“Real Estate Trends for 2022,” by Ilyce Glink, thinkglink.com, Dec. 14, 2021.“Advice for a First-Time Homebuyer in 2023,” by Ilyce Glink and Samuel J. Tamkin, tribunecontentagency.com, Feb. 7, 2023.Rental Properties“Real Estate Matters: Homeowner Weighs Renting vs. Buying for Next Stage in Life,” by Ilyce Glink and Samuel J. Tamkin, heraldtribune.com, Aug. 8, 2021.“Is It Better to Rent or Own Your Home in Retirement?” by Ilyce Glink, thinkglink.com, Dec. 11, 2020.“Should Rental Income Be Part of Your Retirement?” by Chris Taylor, aarp.org, Aug. 1, 2022.The Home as an Investment“Capital Gains Tax on Inherited Property?” by Ilyce Glink, thinkglink.com, June 28, 2023.IRS Publication 523: Selling Your Home“Ramit Sethi: Investing Shouldn't Be Your Identity,” The Long View podcast, Morningstar.com, June 6, 2023.“JL Collins: The Case for Simplicity,” The Long View podcast, Morningstar.com, April 5, 2022.(Please stay tuned for important disclosure information at the conclusion of this episode.)
P.M. Edition for July 20. U.S. home sales fell in June. Housing reporter Nicole Friedman discusses whether the housing market has hit the bottom. Plus, a small town in Arkansas could become the epicenter for lithium extraction. Reporter Collin Eaton explains. And, Lina Khan, head of the Federal Trade Commission, talks to The Journal about artificial intelligence and more. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Art. It's Biblical. From the inspired people tapped to create and construct the Tabernacle to so many other references to art, and the countless examples of the Bible inspiring art. Did you ever wonder how one overlays the Bible, to living in the Land of Israel, and working as an artist? Ronnit Barzel, Nicole Friedman, and Yael Harris Resnick share their truly inspiring and inspired insights overlaying spirituality to their trade, and as judges for the WhatIsraelMeanstoMe.com art contest. Connect with the Genesis 123 Foundation at www.Genesis123.co FB - www.facebook.com/Genesis123Foundation Twitter - @Genesis123F IG - Genesis_123_Foundation Find out how you can be part of Run for Zion and bless Israel with every step at www.RunforZion.com. Connect with Ronnit, Nikki, and Yael Art with Neshama, www.artwithneshama.com Nicole Friedman Studio, www.etsy.com/shop/nicolefriedmanstudio Yael Harris Resnick, www.yaelharrisresnick.com
P.M. Edition for March 8. Federal Reserve Chair Jerome Powell says that economic data will guide how big the Fed's next rate hike will be, but the high cost of borrowing is weighing on the spring housing market. Housing reporter Nicole Friedman joins host Annmarie Fertoli to discuss. Plus, the U.S. is investigating whether a pro-Ukranian group played a role in last year's Nord Stream natural gas pipeline explosions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Becky L. Perkins, age 69, of Highland Springs, passed away on Saturday, February 11, 2023. She was preceded in death by her mom, Bette Yacavona; parents, Richard “Dick” Tannert and Phyllis Tannert; and her brother, Brian Tannert. Becky earned her associate degree from WVU at Parkersburg with a major in business management and a minor in typewriting, later in life she retired from the Virginia Employment Commission. She enjoyed helping others and spending time with her family, especially her grandchildren. Left to cherish her memory are her children, Nicole Friedman and Lisa Sledge; grandchildren, Tyler Slater, Jade Friedman, Trenton Slater,...Article LinkSupport the show
Many prospective homebuyers have been priced out of the current housing market, but temporary buydowns offer steep but short-term savings on mortgage rates. WSJ housing reporter Nicole Friedman joins host J.R. Whalen to explain how temporary buydowns work and how buyers qualify for the program. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for Dec. 9. National politics reporter Eliza Collins explains what Kyrsten Sinema's break with Democrats means for the caucus. Plus, the red-hot housing market is slowing down. But a variety of crosscurrents has experts unsure what comes next. Prices are starting to come down. But high borrowing costs are pushing many would-be buyers out of the market. Housing reporter Nicole Friedman joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
The midterm elections are six weeks away and new polls show that voters are divided over who should control Congress. For now, Republicans hold a firm lead on the economy, crime, and inflation. Democrats hold leads on the issues of abortion and climate change. Julia Manchester, national political reporter at The Hill, joins us for how voters are feeling and the Republican governor that everyone wants stumping for them. Next, inflation continues to hammer away at the country and another stressor coming to older Americans and those with aging parents, the rising cost of senior living homes. Long-term care providers have had to deal with higher costs of food, utilities, insurance, wages, and managing Covid-19, and those costs are being passed on to seniors and their families catching them off-guard. Clare Ansberry, Turning Points columnist at the WSJ, joins us for what to know. Finally, another factor that could be keeping the housing supply limited for some time to come is that homeowners are reluctant to sell their homes now that mortgage rates are much higher. To sell your house and then buy into another loan with a rate nearly double what many have been locked into, doesn't make sense. Instead, many are choosing to list their homes for rent. Nicole Friedman, U.S. housing reporter at the WSJ, joins us for more.See omnystudio.com/listener for privacy information.
Homeowners who previously locked in low mortgage rates face the dilemma of whether to sell and take on a significantly higher rate, or stay put and keep their low rate locked in. WSJ housing market reporter Nicole Friedman joins host J.R. Whalen to discuss the issue and the potential effect on home prices. Learn more about your ad choices. Visit megaphone.fm/adchoices
P.M. Edition for Aug. 12. Higher prices and soaring mortgage rates are pushing many would-be buyers out of the market. The National Association of Realtors says housing affordability is now at its lowest level since 1989. WSJ housing reporter Nicole Friedman joins host Annmarie Fertoli to discuss the state of the U.S. housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices
The U.S. economy shrunk for a second quarter putting us on a path closer to a recession. GDP fell at a rate of 0.9% after a 1.6% decline in the first quarter. Most of the dip was driven by slower consumer spending and drops in business and residential investment. Reade Pickert, economy reporter at Bloomberg News, joins us for how we will still need official news from the National Bureau of Economic Research to determine if the recession is here. Next, as interest rates are rising, companies are calling workers back to the office, and home prices expected to fall, Zoomtowns that drew in remote workers during the pandemic are showing that the housing market is cooling fast. Boise, Idaho in particular is emblematic of this with its housing market currently overvalued by 69%. Nicole Friedman, U.S. housing reporter at the WSJ, joins us for what to know as more houses are sitting on the market longer. Finally, the new battleground for fast-food restaurants is chicken nuggets. KFC will be testing new nuggets that could replace their popcorn chicken and Boston Market has rolled out their first nuggets that are roasted and not fried. The industry is looking to boost profits by targeting younger Gen Z customers who love their chicky nuggies. Jennifer Kingson, chief correspondent at Axios, joins us for the nugget wars.See omnystudio.com/listener for privacy information.
As interest rates are rising, companies are calling workers back to the office, and home prices expected to fall, Zoomtowns that drew in remote workers during the pandemic are showing that the housing market is cooling fast. Boise, Idaho in particular is emblematic of this with its housing market currently overvalued by 69%. Nicole Friedman, U.S. housing reporter at the WSJ, joins us for what to know as more houses are sitting on the market longer.See omnystudio.com/listener for privacy information.
Record home prices and higher mortgage rates have created the most expensive U.S. housing market in more than 15 years. WSJ housing reporter Nicole Friedman joins host J.R. Whalen to discuss what that means for prospective home buyers, and signs that the balance of power could be starting to shift away from sellers . Learn more about your ad choices. Visit megaphone.fm/adchoices
On Millennial homeowners, the USA falling apart, and restoration in the UK. As better-off 30-somethings start to get on the property ladder, does this put paid to 'Generation Left'? Will American decline be accompanied by a second civil war - as China serenely watches on? And does Britain represent a return to the 'End of History'? Is everything becoming boring again? This is an excerpt. For the full episode, subscribe at patreon.com/bungacast Articles: Millennials Are Supercharging the Housing Market, Nicole Friedman, WSJ (attached) A tale of two elites in Washington and Beijing, Gideon Rachman, FT (attached) British politics suddenly feels small – and the old order is ‘taking back control', Julian Coman
A new construction project in Texas will test the ability of and demand for 3-D printed houses. It comes at a time when the U.S. is facing a historic housing shortage. WSJ housing reporter Nicole Friedman joins host Zoe Thomas to discuss how the technology works and what it could mean for American homebuyers. Learn more about your ad choices. Visit megaphone.fm/adchoices
In the current competitive housing market, some prospective homebuyers are able to put up all cash to seal the deal. WSJ housing reporter Nicole Friedman joins host J.R. Whalen to discuss a new crop of startups that offer cash to some homebuyers to help them compete with other bids. Learn more about your ad choices. Visit megaphone.fm/adchoices
The big monthly jobs report was mixed at best but that is not going to stop The Fed from tapering. However, even if The Fed does taper that does not mean higher rates, and Nicole Friedman at the journal writes that in the housing market race appraisers are having trouble keeping up.
P.M. Edition for Sept. 22. The past year has brought bidding wars and fierce competition for limited housing stock, which has driven home prices higher. But new data shows existing-home sales fell 2% in August. What does that mean for buyers and sellers? Housing reporter Nicole Friedman joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices
The housing market continues to have a much lower supply of homes needed to meet demand and now we have a better idea of how many are needed. A new report by the National Association of Realtors says we need 5.5 million more housing units, everything from single family homes to multi-family units. The report does call for policy responses, some of which are in President Biden's infrastructure proposal. Nicole Friedman, housing reporter at the WSJ, joins us for more. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
P.M. Edition for May 21. The U.S. housing market has been on a streak. Even though the latest data shows the pace of buying is slowing, competition for limited stock is fierce, and home prices are surging. Housing reporter Nicole Friedman joins host Annmarie Fertoli to discuss. Learn more about your ad choices. Visit megaphone.fm/adchoices