1351: How to Buy Your First Home in 2022 (Seriously!)

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 2 May 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

With both home prices and interest rates on the rise, how can buyers compete? Is it possible to still buy a home? Is waiving a home inspection (which some bidders are doing) that risky? How can your real estate agent help expedite a sale? CNET Money Editor Jaclyn DeJohn joins. She has experiences as both a real estate agent and homeowner and provides insights and strategies for first-time buyers looking to secure an affordable home in today's market. Read Jaclyn's latest piece: Yes, You Can Buy a Home in 2022 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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.
0:06.4	So money episode 1351, how to buy home in 2022.
0:12.9	You're listening to So Money, with award-winning money guru Farneesh Karabi.
0:17.5	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:22.7	authors, influencers, and from Farneesh herself.
0:26.6	Looking for ways to save on gas or double your double coupons?
0:30.4	Sorry, you're in the wrong place.
0:32.4	Seeking profound ways to live a richer, happier life.
0:35.6	Welcome to So Money.
0:39.2	You'll often find infrastructure improvements or residential and commercial building work
0:45.2	being scheduled in areas outside of the hot market to basically expand that market
0:50.4	and capitalize on it.
0:52.2	So you as an individual home buyer can capitalize on that as well.
0:57.4	If other people are putting the investment in, you can ride the wave.
1:01.4	Welcome to So Money, everybody.
1:02.6	I'm Farneesh Karabi.
1:04.1	Our Power Money Moves series continues on CNET money and one of my favorite stories that's
1:09.3	up right now is all about how to compete in this very, very strange real estate market.
1:15.3	Prices continue to go up.
1:16.7	Interest rates continue to go up and there just doesn't seem to be any slowdown
1:21.4	in demand.
1:22.2	My guest is friend and colleague at CNET Money, Jacqueline Dejan, who has a story
	...

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