Alex Gailey

In this discussion, guest Alex Gailey, a personal finance reporter at Bankrate, dives into the housing affordability crisis plaguing America. She reveals that typical households are priced out of 75% of homes on the market. Alex highlights the impacts of low mortgage rates, rising housing costs, and stagnant wages. She offers insights on affordable regions and shares strategies for first-time buyers, including flexibility and creative co-buying solutions. Renting emerges as a viable wealth-building alternative to avoid becoming house-poor.