The chapter delves into how an increase in mortgage rates significantly affects the affordability of purchasing a house and the challenges it poses for potential buyers. It also explores the current housing market dynamics, including low inventory and the influence of the baby boomer generation on home sales.
Home affordability hasn’t been this bad in decades. Wall Street Journal housing reporter Nicole Friedman explains the economic forces shaping the market. And Dave Ramsey, the popular, controversial finance guy, says this time isn’t that different.
This episode was produced by Amanda Lewellyn, edited by Jolie Myers, fact-checked by Kim Eggleston and Laura Bullard, engineered by David Herman, and hosted by Noel King.
Transcript at vox.com/todayexplained
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