As Interest Rates Soar, Who's Able To Buy A Home?

For some Americans, the dream of ownership is becoming less of a reality.A new report from the National Association of Realtors shows the rate of first-time homebuyers is at its lowest point since the organization began tracking the data in 1981. Also, the race and gender gap in homeownership is widening. The pandemic helped skyrocket home prices. And as the number of available homes remains slim, affordability continues to be an issue. We discuss the market and what it'll take for homeownership to become possible for most Americans again.Want to support 1A? Give to your local public radio station and subscribe to this podcast. Have questions? Find us on Twitter @1A.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy