Debt Becomes Them, How Rising Home Prices Are Drowning Home buyers in Debt

Rising home prices are causing new home buyers to go deeper and deeper into debt. According to a recent article by the Wall Street Journal, (behind a paywall) Rising Home Prices Push Borrowers Deeper Into Debt, “roughly one in five conventional mortgage loans made this winter went to borrowers spending more than 45% of their monthly incomes on their mortgage payment and other debts, the highest proportion since the housing crisis, according to new data from mortgage-data tracker CoreLogic Inc.” This was almost triple the amount for 2016 and the first half of 2017. “Debt-to-income ratios measure the share of… Read moreDebt Becomes Them, How Rising Home Prices Are Drowning Home buyers in Debt