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Podcast: More Than Money
Episode: Episode 60 | Why Are Home Prices So High?
Description: Home prices are going crazy! What’s going on? In this episode, Art answers listener questions about home purchases and mortgages.Money questions:Why are home prices so high right now, and when will they drop?I can get a mortgage by only putting 3% down. I know you aren’t a big fan of these loans, but I am worried that I will never get a home if I don’t buy now because the costs keep going up. This is my only option. Thoughts?What do you prefer—15- or 30-year mortgage...