The US and UK Housing Markets Get Out of Whack

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In Australia, there has been a huge for all after this news broke. Over the next four weeks, we're doing a special series on the US and UK housing markets. We'll look at how they got so out of whack and what might work to bring back some balance. For part one, FT News Briefing producer Sonia Hudson traveled to Asheville in North Carolina. This growing city exemplifies a lot of what's going on in the broader market.

UK gilt yields hit levels not seen since last year’s “mini” Budget crisis, and Australia’s government has referred a PwC tax leak scandal to the country’s federal police. Plus, in part one of our series on housing, the FT’s Sonja Hutson looks at why there are so few homes on the US market.

Mentioned in this podcast:

Gilt yields soar towards ‘mini’ Budget levels after inflation disappoints

Australian government refers PwC tax leaks scandal to police

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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