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Declines in the Housing Market Continue

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Declines in the Housing Market Continue

Business

Declines in the Housing Market Continue

Declines in the Housing Market Continue

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  • <iframe src="https://www.npr.org/player/embed/13863660/13863642" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The housing market continues to slide. Luxury homebuilder Toll Brothers has had the highest number of cancellations in its 21-year history. Accredited Home Lenders is laying off half of its staff, and the number of realtors is dropping for the first time in more than a decade. Marketplace's John Dimsdale speaks with Madeleine Brand on the latest, including a new refinancing proposal from the Bush Administration.