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Buying Home Becomes Tougher Amid High Prices and Rates
The piece outlines mounting housing costs and rising mortgage rates. It notes mortgage payments, income needs, and shifting demand from buyers to renters as lenders and builders struggle. It cites 1980 ownership gains, inflation pressures, and the impact of high rates on new home sales and loan profitability.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
Rollin Barnard
U.S. League of Savings Associations
Bob Sheehan
National Association of Home Builders
Barnard
U.S
Departments of Commerce and Housing and Urban Development
Federal Home Loan Bank Board
Sheehan
Midland Federal Savings of Denver
Savings and Loan Associations
Barnard’s
Savings Association League
Richard Pickering
Savings and Loan