A housing affordability index shows affordability worsening as both home prices and mortgage rates have risen since earlier this year. The report suggests higher borrowing costs are compounding price pressures for would-be buyers, likely weighing on housing demand and related housing-sensitive sectors.
A housing affordability index shows affordability worsening as both home prices and mortgage rates have risen since earlier this year. The report suggests higher borrowing costs are compounding price pressures for would-be buyers, likely weighing on housing demand and related housing-sensitive sectors.
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mildly negative
Sentiment Score
-0.25
