Usually as the weather heats up, so does the U.S. housing market. However, according to recent housing data, the market’s spring selling season is getting off to a slow start.
Despite expectations this past winter that warmer weather would rekindle growth, the market is seeing higher prices and mortgage rates, and a lack of houses for sale in some markets.
NPR Correspondent Chris Arnold discusses this slowdown with Here & Now's Robin Young.
This segment aired on April 16, 2014.