Both homeowners and renters are feeling a crunch from surging mortgage rates and rental costs.
Barron's associate editor Andrew Bary shares his insights on affordability in today's housing market on 'Barron's Roundtable.'
"It made it very difficult to get [the home] ready in time. We had over a four [month] delay," Feixas said.Potential buyers are eager to enter the market before rates go even higher, according to Feixas. While Freddie Mac also anticipates higher rates, the larger challenge is a lack of supply. Home supply fell 18% year-over-year in November, driving high demand and pushing housing prices up 15%,
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