mortgage

The median home buyer’s income is higher than the median U.S. household income. And the gap is growing.

High interest rates, lower than expected rents, and an oversupply of new apartments are squeezing landlords, especially those located in Sunbelt states.

But not because it’s easier to buy.

The increase in housing supply will help bring down, or at least steady, prices, experts say.

Comparatively, 1 in 10 white borrowers are turned away.

Young adults increasingly need help from a parent, or other older adult, to buy their first home. The tough market is removing some of the stigma.

Economists argue the home mortgage interest deduction doesn’t really work and costs the federal government tens of billions of dollars a year.

New home listings hit a 17-month high in February, and as more sellers sell, housing prices could flatten, says Conor Sen at Bloomberg Opinion.

With the goal of living mortgage-free, “I really knew that I would go anywhere and I would live in anything,” Kate Mill says.

“This market is just really wacky right now,” says Houston-based broker LaTisha Grant.