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How Higher Interest Rates Affect Housing Affordability
New NAHB 2022 Priced-Out Estimates confirmed that 87.5 million households will not be in a position to afford a median priced new house, and that an extra 117,932 households could be priced out of the brand new house market if the value goes up by $1,000. Rates of interest may have an effect on the variety of households that will be priced out of the brand new house market. For a brand new house with an estimated Read more…