Invisible recession that affected high-income workers is now hurting housing market

Government

Most major metros are adding jobs more slowly than normal, and the slowdown is hitting the workers who drive homebuying activity the most: those in tech , professional services, and finance, according to a new report from John Burns Research & Consulting. The shift has major implications for the housing market , because high-income earners are far more likely to afford today’s housing prices . “When high-income sectors contract, you’re removing the workers most likely to qualify for mortgages

din zilele anterioare