U.S. Housing Affordability in June Was the Worst Since 1989 - The Wall Street Journal

Record-high home prices combined with rising mortgage rates price more buyers out of the market, prompting existing-home sales to fall.

It was more expensive to buy a U.S. home in June than it has been for any month in more than three decades, as record-high home prices collided with a surge in mortgage rates.The National Associati… [+271 chars]

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