© 2025 KOSU
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

First-time buyers face expensive market as mortgage rates, home prices rise

When you combine higher home prices with higher mortgage rates, the monthly payment to buy the median-priced home in the U.S. has gone up more than 50% in the past year.

NPR’s Chris Arnold reports.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

KOSU is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.