CNBCのインスタグラム(cnbc) - 12月19日 21時05分

"I definitely think we're in a correction." John Burns, a leading housing industry analyst, thinks the housing market is stalling.

Half of Americans can only afford a $230,000 mortgage, according to Burns, and the builders in good locations just can't build at that price. Eleven of the top 19 builders have an average sales price above $400,000.

As home prices go up, borrowing money is getting more expensive. Mortgage rates are a full percentage point higher now than a year ago. "The rise in mortgage rates has really been a double whammy," Burns said. "A lot of the focus has been on the first-time buyer who now can afford 7% less than they could at the beginning of the year just due to mortgage rates and home prices even worse than that." What this means for the economy, at the link in our bio.
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