How the Fed’s Rate Hikes Broke Home Buying, in Six Charts

How the Fed’s Rate Hikes Broke Home Buying, in Six Charts

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Homeownership has become a pipe dream for more Americans, even those who could afford to buy just a few years ago.

Many would-be buyers were already feeling stretched thin by home prices that shot quickly higher in the pandemic, but at least mortgage rates were low. Now that they are high, many people are just giving up.

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