The Housing Market Is Wild Right Now — And It's Making Inequality Worse
Play • 14 min
Home prices are soaring around the U.S. Amid low inventory and historically low interest rates, some buyers are hitting the market to find they can't compete with all-cash offers, or bidding wars that escalate well out of their price range.
Sean Hawksford in Bozeman, Mont., is one of those buyers. He told his story to NPR's daily economic podcast, The Indicator.
NPR's Chris Arnold explains why the market is so wild right now.