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Evening Edition: The U.S. Housing Affordability Crisis
Published 21 hours ago
Description
Homeownership has been the foundation of the American Dream for generations, and a key part to building wealth and stability. With housing growing more expensive and the inventory decreasing, rising oil prices and inflation are making it even worse. There is wide ranging agreement that Americans are facing a housing affordability crisis, but when will it end?
FOX’s Tonya J. Powers speaks with Ted Rossman, principal analyst for Bankrate, who says there are many combined factors that have caused this, and offers his thoughts on how to help first time home buyers.
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