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Building a secure financial life is still possible for those priced out of the housing market by high property prices and soaring mortgage rates.
Source: Getty Images
Paulina Cachero and
Claire Ballentine
Homeownership has long been touted as one of the best ways to build wealth. But for many Americans, that path to financial security is moving further out of reach.
Mortgage rates just posted their largest weekly increase since 1987 and home prices remain elevated. Add to that the highest inflation in 40 years, growing student debt levels and wages that aren’t keeping pace with price increases, and it’s no surprise many feel priced out of the housing market.
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