Housing Market Dilemmas

Purdue Pharma’s owners in the Sackler family have agreed to a new $6.5 billion settlement to lawsuits over their role in the U.S. opioid crisis. This comes after a previous deal was rejected by the Supreme Court last year. We’ll break down the details of the settlement and what could come next. And, the U.S. housing market is the slowest it’s been in 30 years, but prices aren’t coming down. What gives? Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• “Existing-Home Sales in 2024 Were Slowest in Decades Amid High Mortgage Rates” from The New York Times
• “United States Housing Market & Prices” from Redfin
• “Purdue Pharma’s Sacklers Agree to New $6.5 Billion Deal for Opioid Lawsuits” from The Wall Street
• “Supreme Court Jeopardizes Opioid Deal, Rejecting Protections for Sacklers” from The New York Times
• “Is there a market for luxury EVs? GM thinks so.” from Marketplace
• “This 24-hour diner helps New Yorkers make it through the night” from Marketplace
• “The American workweek is shrinking” from Marketplace
• “‘Lost’ Tina Turner track to be released 2 years after queen of rock ‘n’ roll’s death” from USA Today
• “UK’s 20mph speed limits ‘are cutting car insurance costs’” from The Guardian

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