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Home prices are back up and so are interest rates. The median price for a home in January was $485,000, which is right where it was for October and November of last year. Interest rates on new mortgages are back up around seven-percent. Dave and Debbie are joined by Dejan Eskic with the Kem C. Gardner Policy Institute and he blames interest rates for causing a housing shortage.
By Debbie Dujanovic and Dave Noriega4.1
4040 ratings
Home prices are back up and so are interest rates. The median price for a home in January was $485,000, which is right where it was for October and November of last year. Interest rates on new mortgages are back up around seven-percent. Dave and Debbie are joined by Dejan Eskic with the Kem C. Gardner Policy Institute and he blames interest rates for causing a housing shortage.