Even as mortgage rates have stabilized a bit over the past few weeks, home affordability has taken a major hit. Recent data from the National Association of Realtors shows a 29% drop year-over-year in affordability, driven by the double hit of rising mortgage rates and home price growth. If you are in the market, just remember that there are a number of alternative home financing solutions like TBD mortgages or ARMs that may fit your needs.

Stay in the loop. Click here to subscribe to our bi-weekly newsletter. Plus, check out The Morty Report archives to catch up on previous editions.

Read more of Robert’s recent insights:

In case you missed it

Want to know what you can afford?