HOMEOWNER MOBILITY STALLS AMID RISING INTEREST RATES – Harvard JCHS
Housing Crisis Could Be the Death Knell for America’s Middle Class – Newsweek
“Middle-class households are being priced out of the housing market amid high mortgage rates and spiking prices, making it increasingly difficult for them to build wealth. Some financial experts say it’s an environment that could lead to the end of the American middle-class dream of owning a home.
“For most Americans, owning a home is key to their vision of success. It can help families create financial platforms for future generations to build on. But about 75 percent of homes currently on the market are out of reach for those in the middle class, according to the National Association of Realtors.”
Even with pay raises, younger homebuyers struggle with affordability – msn