And that's one reason for the persistent homeownership gap.
April saw the biggest one-month jump in U.S. home loan delinquencies ever.
And getting a mortgage is harder, too.
Los Angeles mortgage broker Vivian Gueler is expecting a drop in the value of real estate.
Renters could also get a break if their landlords seek assistance.
2019 started out on a down note, with 30-year mortgage rates having spiked just below 5%.
Even as retail sales growth is showing signs of stalling, consumers are continuing to borrow.
Some 40% of home sales may no longer require appraisals.