Episode Details

Housing is out of reach for most: it now takes nearly $110K to afford a typical home, but average households earn just $83K—leaving a $27K gap. Prices aren’t falling despite slower sales, thanks to stubborn inflation, rising mortgage rates (now hovering around 6%), and homeowners locked into low-rate deals. Starter homes offer some relief, but first-time buyers still face steep hurdles. The pandemic’s housing boom, fueled by ultra-low rates, left prices soaring—and when rates climbed, prices stayed high. Builders struggle with rising costs and labor shortages, while property taxes and insurance climb too. With no quick fixes in sight, the housing crunch remains a national headache.

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