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U S Housing Boom Dims Amid Rising Costs and Mortgages
The nations housing boom nears a bust as prices rise and mortgage money tightens. Buyers with solid incomes are priced out, down payments increase, and maintenance costs climb. Builders cut back on new plans while demand remains strong for some prices. Experts warn the market could pivot as inflation and lending criteria tighten.
MENTIONED IN THIS ARTICLE
New York
the Nations
Sol Thonts
Weir
National Homebuilders Association
NHBA
Michael Sumichrast
Connecticut
Bruce Lake
Bethlehem Steel
New Jersey
Washington
Center City
Atlanta
Pat Gillentine
Salt Lake City
Hawaii
George Morris
Honolulu Board of Realtors
U.S
Bureau of Statistics
Federal Home Loan Bank
Catherine Martini
National Association of Realtors