Business · Economy · 8 hrs ago

Rising Home Prices and Mortgage Costs Worsen Midwest Affordability

Rising Home Prices and Mortgage Costs Worsen Midwest Affordability

Home prices and mortgage costs are rising in the US Midwest.

That is making homes harder to afford for people who want to buy.

The Midwest is often seen as a refuge from the US housing squeeze.

But rising costs are putting would-be buyers in the region under pressure too.

The change matters because buyers who look to the Midwest for more affordable housing may find themselves priced out.

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