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Homeownership Drifts Further Out of Reach as Mortgage Rates Rise

✇NYT - Home Page
By: Sydney Ember
Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.

© Ruth Fremson/The New York Times

As mortgage rates rise, home builders will have to weigh the cost of construction with the likelihood that their homes will find ready buyers.
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Homeownership Drifts Further Out of Reach as Mortgage Rates Rise

✇NYT - Business
By: Sydney Ember
Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.

© Ruth Fremson/The New York Times

As mortgage rates rise, home builders will have to weigh the cost of construction with the likelihood that their homes will find ready buyers.
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