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First-time buyers face expensive market as mortgage rates, home prices rise

When you combine higher home prices with higher mortgage rates, the monthly payment to buy the median-priced home in the U.S. has gone up more than 50% in the past year.

NPR’s Chris Arnold reports.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.