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Buy a house? In this economy?
Mar 28, 2024
Wall Street Journal housing reporter Nicole Friedman and finance guru Dave Ramsey discuss the challenges of home affordability in today's market. They explore rising mortgage rates, debt-free living, and Ramsey's controversial advice on navigating the turbulent housing market.
25:52
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Quick takeaways
- Housing affordability at its lowest since the 1980s due to rising mortgage rates and buyer-seller standoff.
- Impact of skyrocketing mortgage rates on home sales, leading potential buyers to withdraw from the market.
Deep dives
Housing Affordability Challenges
The podcast discusses how housing affordability has become a major issue, with data showing a decline in affordability to its lowest point since the 1980s. Factors such as the standoff between buyers and sellers and rising mortgage rates have made it less affordable for potential buyers to purchase homes.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode