Extra: America's Housing Prices Still Rising. The Problem May Be Foundational

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 4 August 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Affording a home in America isn’t easy. While interest rates are expected to keep coming down, prices are at a record high, thanks in part to a supply problem. Edward Pinto, a housing policy expert and senior fellow and co-director of the AEI Housing Center at the American Enterprise Institute, recently joined host Chris Foster to discuss the housing market and why it has become so difficult to purchase a starter home or any place. On the FOX News Rundown Extra, we bring you our entire conversation with housing market expert Ed Pinto, and you can hear even more of his analysis about the state of our housing market and what can be done to fix it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It's time to take the quiz.
0:01.7	Five questions, five minutes a day, five days a week.
0:04.3	Take the quiz every weekday at the Quiz dot Fox
0:07.3	and then listen to the Quiz podcast to find out how you did.
0:10.2	Clay, share, and of course listen listen to the quiz at the quiz.
0:14.0	Fox.
0:15.0	This is the Fox News rundown extra.
0:17.0	I'm Chris Foster.
0:21.0	Affording a home's gotten a little easier this summer with the average mortgage payment down 52 bucks at 2,167 dollars a month in June compared to May.
0:31.0	It's according to the latest from the Mortgage Bankers Association.
0:33.8	Interest rates are expected to keep coming down, and it's becoming a little more of a buyer's
0:37.2	market.
0:38.2	Still home prices are at record highs, and homeowners insurance is up more than 20% from last year.
0:43.4	He spoke last month about how hard it is to get into a home with Edward J Pinto,
0:47.4	a housing policy expert and senior fellow and co-director of the AEEI Housing Center
0:52.4	at the American Enterprise Institute. He saysdirector of the AEE I Housing Center at the American Enterprise Institute.
0:54.5	He says some of the factors hindering home ownership now have to do with policy decisions
0:58.5	made decades even a hundred years ago.
1:01.4	He knows a lot about this stuff and this is where we play the whole
1:04.1	thing when we have to cut down what we thought were interesting interviews to fit
1:07.1	into the regular weekday podcast and radio show. Thanks for following us and
1:10.7	listening to us and now Ed Pinto on the Fox News
	...

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