Homebuyer affordability worsens in May amid inflation, higher mortgage rates
Housing Wire
JUNE 23, 2022
High inflation and rising mortgage rates won’t lessen the burden on new home buyers in the coming months. Citing inflationary pressures and mortgage rates above 5%, Seiler said the MBA expects sales of new and existing homes to fall below 2021 levels. million existing homes. The agency expects some 5.76
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