Are both rents AND interest rates too dang high?

The Federal Reserve has once again opted to leave interest rates unchanged. That appears to be creating a big challenge to one part of the economy: housing prices. Today, we look at how elevated interest rates may actually be keeping home prices and rent high. Plus, we see how one community is taking the issue of housing affordability into its own hands.Read the research paper co-authored by Julia Fonseca, Lu Liu, and Pierre Mabille.Related episodes:When mortgage rates are too low to give up (Apple / Spotify) The housing shakeup (Apple / Spotify) The highs and lows of US rent (Apple / Spotify) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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A little show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening today. It's a quick hit of insight into work, business, the economy, and everything else. Listen weekday afternoons.Try Planet Money+! a new way to support the show you love, get a sponsor-free feed of the podcast, *and* get access to bonus content. You'll also get access to The Indicator and Planet Money Summer School, both without interruptions. sign up at plus.npr.org/planetmoney