Quote

“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country. While home prices have declined a bit quarter-over-quarter, they’re still higher than they were a year ago, and interest rates have essentially doubled. Many prospective homebuyers simply can’t afford the home they hoped to buy, and in many cases no longer qualify for the mortgage they’d need.”
–Rick Sharga, Executive Vice President of Market Intelligence at ATTOM.