As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst
Pro Builder
NOVEMBER 4, 2022
Mortgage rates are climbing, inventory is dwindling, and home prices are still rising, but a market correction could bring about big changes in the year ahead. 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.
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