Housing in the US: Mortgage rates hit 7% and renters feel squeezed

If you're looking for a house to purchase or a place to rent, you're probably feeling squeezed. Mortgage rates have hit seven percent - and a new study shows that renters across the economic spectrum are having trouble paying rent. What's happening in the housing market?Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.This episode was produced by Megan Lim, Kai McNamee, and Jason Fuller, with audio engineering by Ted Mebane. Our director is Jonas Adams.It was edited by Tinbete Ermyas, Rafael Nam, Justine Kenin, Merrit Kennedy, and Jeanette Woods.Our interim executive producer is Courtney Dorning.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy