homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

July 9, 2024

The housing slump deepened this spring

  • Lackluster spring sales are a reflection of the affordability challenges many home shoppers face.
    • By ALEX VEIGA
    AP Business Writer

    LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall.

    Home shoppers came into 2024 with optimism that mortgage rates would ease further after a decline late last year. But those hopes faded as stronger-than-expected data on inflation and the economy clouded the timing of a possible rate cut by the Federal Reserve.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.