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Breaking Points with Krystal and Saagar
Stories of Week 7/17: CNN Ratings, Institutional Decay, Ukraine Lobbying, & More!
Jul 22, 2022
36:43
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Krystal and Saagar discuss CNN ratings, institutional decay, Ukraine's DC lobbying, disinfo czar, housing markets, and Elon Musk. They explore the challenges faced by CNN in rebuilding trust, the erosion of confidence in US institutions due to the pandemic, Ukraine's lobbying campaign in Washington, concerns about the housing market and rising mortgage rates, and media hypocrisy regarding Elon Musk's Twitter exchange with Stephanie Rol of MSNBC.
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Quick takeaways
- Rising mortgage interest rates set by the Federal Reserve have led to a significant increase in home sale cancellations, making it more challenging for potential buyers to afford homes.
- The ongoing clashes between public figures and media organizations highlight the lack of decency in media outlets and the influence they have on public perceptions.
Deep dives
High Home Sale Cancellations in June
In June, there was a significant increase in home sale cancellations, with 60,000 deals falling through, accounting for 15% of homes that entered into a contract. This is the highest number since the start of the pandemic. The rise in cancellations is attributed to the increasing mortgage interest rates set by the Federal Reserve. As rates continue to rise, the housing market is expected to face more challenges, making it difficult for potential buyers to afford homes.
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