Trust This.: First-time buyer hurdles — Insurance dampens investments — Quick industry roundup
1 big thing: Starter Homes Increasingly Out of Reach for First-Time Buyers Thanks to rising prices and mortgage rates, homebuyers now need to earn $75,849 annually to purchase a typical U.S. starter home, according to a recent Redfin report. Why it matters: Rising prices and mortgage rates mean lower-earning buyers are being pushed out of the market entirely. […]