cover of episode The One Factor Making Real Estate More Expensive— and What To Do About It

The One Factor Making Real Estate More Expensive— and What To Do About It

2024/10/18
logo of podcast Money Rehab with Nicole Lapin

Money Rehab with Nicole Lapin

Chapters

The episode discusses new factors driving up real estate costs, including increased home prices, construction inflation, and weather-related disasters.
  • Home prices have increased by 47% since 2020.
  • Construction costs have inflated by around 20% since 2020.
  • Weather-related disasters are causing insurance premiums to rise by 33% since 2020.

Shownotes Transcript

Interest rates and home prices are high— that's old news. But there's a new factor that's making real estate more expensive... and there's nothing the Fed can do to stop it. Today, Nicole explains the new variable driving up the cost of homeownership, and what you can do to make it more affordable.