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Back to To the Point

To the Point

As Housing Crisis Worsens, More People Staying Put

Sales of new and existing homes dropped more than expected last month, even though houses are cheaper, with the median price reduced from $208,000 last year at this time to $180,000 today. Daniel McGinn is national correspondent for Newsweek magazine and author of House Lust : America's Obsession with Our Homes.

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By Warren Olney • May 12, 2014 • 1 min read

Sales of new and existing homes dropped more than expected last month, even though houses are cheaper, with the median price reduced from $208,000 last year at this time to $180,000 today. Daniel McGinn is national correspondent for Newsweek magazine and author of House Lust: America's Obsession with Our Homes.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

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    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Karen Radziner

    Managing Producer, To the Point & Which Way LA?

  • KCRW placeholder

    Daniel McGinn

    National Correspondent, Newsweek

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