High Home Prices, Rising Mortgage Rates, Wall Street’s Resurging Buy-to-Rent Scheme Hit Pending Home Sales
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The trend is becoming clear. Blame surging home prices that have outrun wage increases for years, mortgage rates that have risen to the highest level since 2011, the massive affordability issues that come with those factors, …