Some homebuyers who are unable to secure traditional mortgages are taking a risk and turning to alternative financing options that lack consumer protections
The share of prospective buyers actively looking for a home dropped significantly from 2021 to 2022 as mortgage rates continue to rise and inventory drops to a new low
The latest roadblock in an ongoing affordability crisis is the result of soaring closing costs on home purchases, making it difficult for first-time buyers to close on home sales in an already pricey market