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Are both rents AND interest rates too dang high?

NPR | By Wailin Wong,
Darian Woods, Cooper Katz McKim, Paddy Hirsch
Published August 1, 2024 at 9:12 AM EDT
A program in the eastern Upper Peninsula has helped build single family homes to mitigate some of the challenges of rising housing costs.
Jeffrey Graham
A program in the eastern Upper Peninsula has helped build single family homes to mitigate some of the challenges of rising housing costs.

The Federal Reserve has once again opted to leave interest rates unchanged. That appears to be creating a big challenge to one part of the economy: housing prices. Today, we look at how elevated interest rates may actually be keeping home prices and rent high. Plus we see how one community is taking the issue of housing affordability into its own hands.

Read the research paper co-authored by Julia Fonseca, Lu Liu, and Pierre Mabille.

Related episodes:
When mortgage rates are too low to give up (Apple / Spotify)
The housing shakeup (Apple / Spotify)
The highs and lows of US rent (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org

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Copyright 2024 NPR

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Wailin Wong
Wailin Wong is a co-host of The Indicator from Planet Money.
Darian Woods
Darian Woods is a co-host of The Indicator from Planet Money.
See stories by Darian Woods
Cooper Katz McKim
Cooper Katz McKim is an Assistant Producer for NPR's daily economics podcast The Indicator from Planet Money. Before The Indicator, McKim reported at NPR Member stations in South Carolina and Wyoming. At Wyoming Public Radio, he filed stories with NPR's Environment And Energy Collaborative on bankruptcies, carbon capture and economic transition. He's won a national Edward R. Murrow Award for Best Use of Sound. More recently, he's served as a podcast producer at Sports Illustrated and the HISTORY Channel. He graduated from Tufts University and now resides in Denver, Colorado, where he spends his time mountain biking and playing jazz piano. [Copyright 2024 NPR]
Paddy Hirsch
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