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Housing market proves difficult to navigate for first-time home buyers

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This article is more than 1 year old.

Home prices are still high during the pandemic — up 13.3% from a year ago. This time supply is to blame with housing inventory still low.

In September, median home prices for existing homes climbed to $352,800. Newcomers are struggling to find lower-priced homes.

Here & Now's Scott Tong gets the latest with Jill Schlesinger, CBS News business analyst and host of "Jill on Money."

This segment aired on October 25, 2021.

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