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Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market

Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market

Millenials are entering the housing market at a tumultuous time – many want to buy, but few can seem to afford it. Follow along with the Gliddens, a Washington, DC couple looking to set down permanent roots for the first time. It’s all part of USA

USA TODAY

Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is still considered positive. The index stood at 69 in November of last year and hit a cyclical high of 74 last December.

More info at USA TODAY:
Rising mortgage rates, home prices are becoming a toxic cocktail in the housing market

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NAHB

NAHB (National Association of Home Builders) is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.

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