How fresh is that home listing?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 30 December 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
Pending home sales grew for a fourth-straight month in November and housing supply just hit a four-year high. But that’s partly because many listings are “stale inventory,” sitting on the market for at least 60 days. Also in this episode: An old material used in a new way for climate-friendly high rises, social media budgeters breathe new life into the cash-in-envelopes strategy, and seniors on Medicare will pay less out of pocket for prescriptions starting Jan. 1.
Transcript
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| 0:51.0 | What the year ahead will look like if you're trying to buy a house or fill a prescription. From American Public Media, this is Marketplace. |
| 1:02.6 | In Washington, D.C., I'm Kimberly Adams in for Kai Rizdahl. It's Monday, December 30th. Good to have |
| 1:09.1 | you along. The tightness and lack of affordability in the housing market has been one of the major economic stories of 2024. And to end the year in housing data, tomorrow we'll get an update on home prices. Today, we got the latest numbers on home purchases in progress from the National Association of Realtors. |
| 1:29.5 | Pending home sales grew for a fourth straight month up 2.2% in November. |
| 1:35.5 | And even though mortgage rates remain stubbornly high, we have seen some gains in housing inventory. |
| 1:41.6 | Marketplaces Elizabeth Troval has more. |
| 1:46.5 | In Orlando, Florida, Realtor Rose Kemp says the housing market is finally balancing out. And for buyers. For the first time in several years, |
| 1:54.1 | there are options. She says, while before, you might have had to pick between one or two homes and a zip |
| 2:00.0 | code now. |
| 2:01.3 | You actually can probably go out and see, you know, five homes, let's say, that have the potential for you. |
| 2:08.6 | And in Austin, Texas, Realtor Kent Redding says there's also been an uptick in inventory. |
| 2:13.8 | And he thinks 2025 will be a good time to buy. |
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