"Home prices How have housing prices changed since before the pandemic? They're up 56% since February 2020, according to data from the National Association of Realtors. Why has the price gone up? There are too many buyers for too few homes. Several reasons explain the supply shortage, including a lag in home building, rising construction costs and high mortgage rates that discourage current homeowners from moving and giving up their lower rate."
"Currier and Kremer, both in their late 30s, are longtime friends who bonded over their mutual passions for open-water swimming, Jewish rituals and political organizing. They've lived together for the last nine months in a rental in Berkeley, Calif. This shared home has given Currier what she calls "such a beautiful community and feeling of connection and home." It has also confirmed for her that she and Kremer would live well together for the long term."
Home prices rose 56% since February 2020, according to the National Association of Realtors. Too many buyers are competing for too few homes. Supply shortages stem from a lag in home building, rising construction costs and high mortgage rates that discourage current homeowners from moving and relinquishing lower rates. Some prospective buyers pursue co-ownership to afford housing. After putting in an offer, Hayley Currier and Tammy Kremer paced anxiously around their apartment backyard. They have lived together nine months in a Berkeley rental and seek a setup with shared life and slightly more private space, considering a duplex or two units together.
Read at www.npr.org
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