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Examining the High Cost of Home Buying

May 12, 2024

Homeownership is becoming increasingly difficult to achieve. In 1972, the median house price was nearly three times more than the median household income. By 2022, that gap doubled, with the median cost of a home rising to six times the median household income. Christopher Mayer is a real estate professor at the Columbia Business School. He joins Soledad O’Brien in-studio to explain how the housing market got so expensive and explore possible solutions. 

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