Rising home values and mortgage rates are putting home affordability out of reach for more families.
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The largest metros in the nation saw some of the biggest hits to median home values post-recession compared to smaller counties, a new report shows.
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For the second consecutive week, mortgages rates rose, with the 30-year fixed-rate mortgage reaching its highest average in nearly two months.
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“We are shifting from a frenzy to where buyers are taking a step back and being more analytical and unwilling to just make rash decisions,” says one real estate economist.
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The nation’s largest builder of luxury homes is seeing a rapid increase in growth compared to other builders who cater to first-time or move-up buyers.
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Real estate ranked fourth among the 15 fields with the biggest gender pay gaps, according to data from the Bureau of Labor Statistics.
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