How the rules that once helped Americans buy their dream home could now leave them in debt
Business
There’s no shortage of rules in real estate . But baked into these maxims are economic assumptions that no longer hold up in today’s market . “The core problem is the interaction of three things happening simultaneously,” explains Hannah Jones, senior economist at Realtor.com ®, pointing to high mortgage rates, slowing appreciation, and a whirlwind of rising carrying costs such as property taxes, insurance, and maintenance. That confluence is quietly turning the guidance that’s helped
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