Housing affordability has fallen to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012, as rising mortgage rates, ongoing building-material supply-chain disruptions, high inflation and elevated home prices...
Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007.
Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according...
Soaring building material costs, high demand and low inventory have added tens of thousands of dollars to the price of a new home and caused housing affordability nationally to fall to its lowest level in nearly a decade during...
