A recent survey from Realtor.com and Censuswide finds 78 percent of potential home buyers expect to be priced out of the market if prices and mortgage interest rates continue to increase.
Over 50 percent of that group blames inflation as the number one external factor keeping them from realizing the American dream.  Rising interest rates and mounting home prices also ranked high—48 and 46 percent, respectively—in second-guessing their decision to buy.
“Unfortunately, we don’t expect rates to return to the historic lows we saw during the Pandemic. As the economy has changed, so has the mortgage market and it’s not realistic that we’ll see rates return to the 3 percent range,” Hannah Jones, Realtor.com economic data analyst, said in a statement….