The combination of rising interest rates and home prices near of past historical highs in many markets has raised a red flag for many in the real estate industry.
A recent study by study by the National Association of Home Builders (NAHB) has added numbers to those concerns. The NAHB study estimates a $1,000 increase in the cost of a median-priced, newly built home would price out 127,560 prospective buyers.
Read on to learn which states and metropolitan areas would be most impacted by such an increase.