A majority of Americans, 56%, now say price increases are causing financial hardship for their household, up from 49% in January and 45% in November. The latest reading includes 12% who describe the hardship as severe and 44% as moderate.
Mortgage rates are up, so fewer people can afford to buy homes. That means additional demand for single-family rentals and apartments, right? Well, probably not. We’re increasingly skeptical of that prevailing view.
Buyer beware: You may want to think carefully about that home purchase now, according to one expert. “From an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,” Chistopher Mayer …
After several months of workers feeling more powerful than their bosses, the tides are turning. More than half of employees (58%) believe their bosses have the higher ground in the workplace, finds a new survey conducted by the Harris Poll for Bloomberg. That’s a 5% jump since January.
High inflation, weakening builder sentiment and increasing mortgage rates added to the industry’s previous list of headwinds, exacerbating a pullback in the single-family market as multifamily development continues to grow.
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