The question on everyone’s minds: When will this housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review. HousingWire broke down the data.
We’ve been talking about it all year – housing inventory is low and home prices are soaring. Even as mortgage rates rise from 2020’s record lows, buyers are still flocking to a highly competitive market. When will housing affordability level out? To answer that, we have to examine Median DTI and the year 2018.