Marketplace artwork

Buying a home is a bleak quest right now

Marketplace

English - October 05, 2023 22:52 - 29 minutes - 11.8 MB - ★★★★★ - 7.7K ratings
Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Movin’ out

The average monthly payment on new mortgages rose 46% in 2022, according to a new report from the Consumer Financial Protection Bureau. Combine steep home prices with climbing mortgage rates, and it’s a rough time to be a buyer. We’ll dig into how we got here and when things might cool off. Also in this episode, why demand for temp workers might not be the strongest economic indicator and how the recovery is going for Texas cities’ downtown cores.