![]() They were a few months into this new reality when in August, Drew’s company made a big announcement. And we were just like, we got to get out of here. and then just being stuck like that for so long with a child and no childcare help and both of us working just added a whole other layer. They were both taking care of her and working full time. When the city shut down, their daughter Edie was seven months old. We had a desk down there, and then we had a desk at the kitchen table. Drew and I were sleeping in the basement. Yeah, I mean, we were living in our technically one bedroom. But then the pandemic hit, and all that changed. They owned a two-unit townhouse in Brooklyn, and they felt lucky to have it, with its yard and the kind of close knit neighbors who compete to shovel each other’s sidewalks after it snows. And I just never really envisioned myself outside of New York City. We both, I think, strongly identified as New Yorkers, had kind of agreed that we would raise a family in New York. They were both in their 30s at the time and had been living in New York City for about a decade. I first met Drew Mena and his wife, Amena Sengal, last spring. Yeah, so let me tell you about what I’m doing, and you can ask me any questions. Why is it so hard to buy a house in America right now? amena sengal So I started talking to brokers and buyers and sellers, and I came across the story of one couple that was confronting the question so many people are these days. archived recordingīuyers are gifting a trip to the Caribbean, promising to name their first born child after the seller, or offering $100,000 in cash over the asking price just to secure a home. francesca mariīut also what was happening to people who are having to participate in it. Housing market “Hunger Games” about to get more expensive for the millions of us looking to buy a new home. There’s low inventory, sky high prices and bidding wars. To the highest level since the realtors began tracking this in 2001, up 24 - francesca mariĪs I watched all this unfold, I started to think not just about what was happening in this chaotic housing market. ![]() and shattering previous housing records. Up more than 19 percent in the last year. The price of homes across the country were skyrocketing - archived recording Taking just nine days on average in Philadelphia - francesca mari They’re selling at the fastest rate since December of 2006. Starting in 2020, houses started selling at a faster pace. In the month of July, homes sold at the fastest pace in history. Some big numbers coming out of the housing market today, and they’re not looking pretty if you’re looking to buy or rent. The housing market had gone absolutely bananas. And during the pandemic, I started noticing something. Today, Francesca Mari, a contributing writer at The New York Times Magazine, tells the story of Americans caught in the middle of the pandemic real estate boom.įor the past few years, I’ve been reporting on housing. This is The Daily.Īfter more than two years of enormous demand, limited supply and increasing prices, many Americans have found themselves unable to buy a home, a problem that is expected to deepen as mortgage rates surge. Tuesday, June 21st, 2022 sabrina taverniseįrom The New York Times, I’m Sabrina Tavernise. Transcript Why Is It So Hard to Buy a House in America Right Now? A monumental boom in real estate has sent prices skyrocketing.
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