It's the Brian Larra Show on WNYcke.

Good morning again. It's the Brian Lera Show on WNYC.

Good morning again everyone.

Now we'll check in on the housing market for today

and perhaps for the year ahead.

We did a segment recently on how it's such a terrible time

to buy or sell a home.

Mortgage rates are making home purchases

unaffordable for so many more people than when interest rates were lower

and people don't want to sell at the lower prices that they would have to command to incorporate

the interest rates to make them affordable for a lot of buyers,

so it's been a bad time to buy or sell a home.

But mortgage rates are dipping down slightly.

They are still far higher than before the pandemic.

And nationally, housing developments that is construction of new homes looks to be resuming at least for now.

So while this might be the worst time to buy a home in a long time, some economists think 2024 could be what the year of the renter for those

looking to buy their first home there are a couple of trade-offs to be considered

compared to renting so joining us now to break down some of the math

that potential homebuyers or renters

should take into consideration to make the best decision

and how the housing market might look as this year goes on is

Rhonda Kaysen real estate reporter for the New York Times who has an article on this.

...