https://eyeonhousing.org/2023/01/how-many-households-are-priced-out-by-higher-mortgage-rates-in-2022/ National Association of Home Builders Discusses Economics and Housing Policy Wed, 11 Jan 2023 13:14:04 +0000 hourly 1 https://eyeonhousing.org/2023/01/how-many-households-are-priced-out-by-higher-mortgage-rates-in-2022/#comment-2077357 Wed, 11 Jan 2023 13:14:04 +0000 https://eyeonhousing.org/?p=32883#comment-2077357 Great information. Very clearly shows the impact of the not only the increased interest rates, but also how inflation has impacted housing affordability. I will use this at our new home builders association meeting.

]]> https://eyeonhousing.org/2023/01/how-many-households-are-priced-out-by-higher-mortgage-rates-in-2022/#comment-2076927 Wed, 11 Jan 2023 00:35:04 +0000 https://eyeonhousing.org/?p=32883#comment-2076927 It is true that the payments are up and less people qualify but these numbers are extremely conservative. Ask any lender or loan officer if loans get approved with a housing payment ratio to monthly income over 28%. Fannie/Freddie and FHA all accept higher debt ratios that this article is using. Implying buyers need $147,071 of income to qualify for a $450,700 price home is “piling on” in a tough market.

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