Can Buyers Afford to Move in Today's Market?
About this episode
This episode explores whether buyers can afford to move in today's housing market, discussing mortgage rates, affordability strategies, and the competition among students at universities to tackle housing costs.
Can buyers still afford to move in today's housing market? On this week's episode of Real Estate Today, we explore mortgage rates, housing affordability and strategies buyers can use to make the numbers work without overextending. We also take a closer look at whether the long-standing 30% affordability rule still holds for today's homebuyers and how students at 20 universities are competing to tackle housing costs. Guests include Mabel Guzman, REALTOR® from Chicago; Nadia Evangelou, principal economist and director of real estate research at the National Association of REALTORS®; and Bobby Vance, architect and assistant professor at Virginia Tech. Plus, in our Hot or Not segment, Jon Grishpul, co-founder of GreatBuildz, joins us to discuss ADUs and how they can improve affordability and multigenerational living.
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