Maybe 7% Isn’t the Real Problem
Mortgage rates above 7%…ouch. Believe it or not, the big affordability problem isn’t mortgage rates…and it’s not really home prices either.
Mortgage rates above 7%…ouch. Believe it or not, the big affordability problem isn’t mortgage rates…and it’s not really home prices either.
The economy may look fine on paper, but a lot of households are feeling squeezed. In Phoenix, that pressure is showing up in housing—not through collapsing prices, but through fewer people moving. Here’s why today’s market feels so different depending on when you bought your home.