As Higher Mortgage Rates Price Out Buyers, an Affordability Crisis Widens
Pro Builder
JULY 8, 2022
Even as inventory levels rise across the U.S., Even though inventory is improving in these areas, middle- and lower-income buyers can afford to buy fewer homes. For example, housing inventory has significantly improved in the Portland, OR metro area (an 83% increase) since January. Mortgage rates are roughly 2.5%
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