50% of Recent Homebuyers Can’t Afford Their Mortgage

50% of recent homebuyers can’t sustain their mortgage payments at these current rates. Wait…what? A new survey found that homeowners who purchased in the last two years are having a very hard time keeping up with payments. Their strategy? Date the rate, marry the house. But unfortunately, that doesn’t work too well when mortgage rates continue to climb and refinancing looks less and less attractive by the day. So, if 50% of recent homebuyers are struggling to keep up, will we see a new wave of foreclosures hit, or are survey respondents merely answering out of fear, instead of grounded in reality? Today, we’re talking through the continued (and growing) affordability crisis, and why recent homebuyers could become the most vulnerable group of homeowners in America. Did you “date the rate” as well? If so, not all hope is lost. Dave walks through what owners should do ASAP to keep their homes as seller distress deepens and how investors should prepare for the softer selling conditions coming up. Click here to listen on Apple Podcasts. Listen to the Podcast Here Read the Transcript Here Dave: Half of all Americans who bought a home in the last two years say they cannot afford their mor...