The Housing Market Slumped This Spring. Where Does It Go From Here?

P.M. Edition for June 23. Mortgage rates dipped below 6% in February, but geopolitical tensions and a hawkish Federal Reserve have sent rates back up. Journal reporter Nicole Friedman discusses what that means for the rest of 2026, and how the housing market could bounce back from a slump this spring. Plus, the Trump administration is pushing for a nuclear power renaissance. The Energy Department is making $17.5 billion in low-interest loans available to help finance the construction of nuclear reactors. We hear from Jennifer Hiller, who covers the power industry for WSJ, about how the program would work. And the tech selloff deepened today, with the Nasdaq dropping 2.2%. WSJ markets reporter David Uberti walks us through what’s driving the dip. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices