![]() REZVANI: But interest rates are just half the battle for first-time homebuyers. Everything's just changing so fast that it's, like, hard to even, like, do research ahead of time because by the time you gather that research, things have changed again. ![]() And then you feel like you're miles away again, right? M RICH: When you think you're getting closer, then the interest rates go up. REZVANI: With mortgage rates climbing rapidly from 5% to 6%, even 7%, all within a year, the Riches feel stuck on the sidelines of the real estate market. ![]() REZVANI: For the last several months, they've been visiting open houses, getting a feel for what they think they can afford. And when he starts work again, he'll be working from home. MARIA RICH: We're now in a two-bedroom with two children - 3 and 5 weeks old - and a dog. And they're growing pretty desperate for more space. They're both at home these days on parental leave. ![]() REZVANI: Among the crowd touring this bright and airy fixer-upper perched in the hills are Maria and Jordan Rich (ph) with their newborn, Nico (ph), in tow. And already, there's a crowd of maybe 25 people here waiting to get in.īut there's much more going on here than meets the eye.ĭAN: Come on in. ![]() I am here at an open house here in Los Angeles. Here's NPR's Arezou Rezvani.ĪREZOU REZVANI, BYLINE: If you stop by an open house these days, it may seem like the real estate market is back in full swing. This season of the year, spring, is typically the busiest time for the real estate market, but not this year. ![]()
0 Comments
Leave a Reply. |