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Marketplace Morning Report

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Sep 17, 2019

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Marketplace Morning Report

Aging town trying to lure first-time buyers priced out of new homes, with fixer-uppers

Adrian Ma Jun 5, 2018
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For the first time on record, the national median home sale price has passed $300,000, according to a recent report by the real estate brokerage Redfin. Those rising prices have made it tough for people in their 20s and 30s trying to get into a first home. But the trend also presents an opportunity for aging communities with a lot of older, less expensive homes, to try and attract younger residents.

This story was produced by the Marketplace hub at the ideastream newsroom in Cleveland.

Click the above audio player to hear the full story.

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