It’s a story you’ve read or heard probably too many times to count over the past year: Homebuilding supplies are expensive and hard to find, labor is scarce and home prices are sky high, but because mortgage rates are low, housing demand is higher than ever. Now, rising mortgage rates are making the residential market
Residential trend: A demanding situation
The cost of buying a home is making entry-level ownership unaffordable for many, which is now putting upward pressure on rent rates.
