As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst
Pro Builder
NOVEMBER 4, 2022
Mortgage rates are at their highest level since 2002, and elevated borrowing costs paired with record high home prices are diminishing housing affordability across the country. Still, most homeowners will have gained some equity over the past two years, even after a slide in home values. Affordability. Market Data + Trends.
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