1324: Home Prices Are Set to Soar in 2022; Advice for Buyers

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 28 February 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you're seeking to buy a home this spring, it's going to be another challenging market. With a severe inventory shortage, prospective buyers face continued pressure. Bidding wars will continue. How can buyers come out ahead? CNET's Alix Langone joins to share her insights and offer buyers some good news. More of Farnoosh's related articles on CNET; 6 Reasons Home Prices Will Go Up: https://www.cnet.com/personal-finance/mortgages/6-reasons-why-home-prices-will-keep-going-up-and-what-buyers-can-do-about-it/ Co-Buying a Home With a Friend? https://www.cnet.com/personal-finance/mortgages/co-buying-a-home-with-a-friend-answer-these-5-questions-first/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	So money is brought to you by CNET, the site that shows how to navigate change all around us.
0:09.5	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:15.5	its business class cabin, where you can enjoy a full flat bed. For even more comfort,
0:21.9	an ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:27.7	Elegance is a journey. Air France. Book your business class tickets now at france.co.uk.
0:36.8	So money episode 1324, why home prices are going to keep going up and what buyers can do about it with
0:43.1	guest CNET's Alex Lengoni. You're listening to so money with award-winning money guru for
0:50.1	new schnaurapi. Each day in a 30 minute dose of financial inspiration from the world's top business
0:56.0	minds, authors, influencers and from Parnucia ourselves. Looking for ways to save on gas or double
1:03.2	your double coupons? Sorry you're in the wrong place seeking profound ways to live a richer
1:08.7	happier life. Welcome to so money. You can't buy a house if it doesn't exist and the main buyers
1:16.8	that that causes a problem for are people who are younger couples who are looking to buy their
1:21.2	first home because starter homes are in the lowest bracket and that's usually what is the most
1:25.9	accessible for an average family. Welcome to so money everybody. I'm Farnucia Trabi. If you're a buyer
1:31.8	right now trying to find a house, a starter house in particular, my condolences. It's a rough
1:37.8	market out there, rougher than I think in 2021 and in 2020, a lack of supply and influx of buyers.
1:44.7	It's all creating a perfect storm for sellers, but what if you're a buyer? My guest today is
1:49.6	CNET staff writer Alex Lengoni who concentrates on home prices, real estate, mortgages,
1:55.5	Alex previously wrote for money.com. She's also written for Time magazine, fortune in style. Before
2:01.6	that, she worked at NBC Nightly News with Lester Holt and New York one. Now I didn't know this
2:06.0	and talked to her about New York one where I also worked. She's currently beast out of LA,
2:11.0	like many who left New York in the pandemic. Alex now calls Los Angeles home. She says she doesn't
	...

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