New data shows that the once red-hot housing market is now slowing down faster than at any point on record. Existing home sales fell by 24%, marking the eighth straight month of decline. 22% of homes for sale had a price drop last month, another record. The Fed is raising interest rates to curb inflation and slow down the economy.
The housing market slows at record rates, we meet Rishi Sunak the third U.K. Prime Minister since July, and new data suggests blue states are more politically active than red states. Get the facts first on Morning Wire.