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The cost of covering mortgage payments rises to 17.1% of the median income in the first quarter, up from 15.9%.
Higher rates and higher home prices cause a significant worry about affordability.
Experts believe this year is the beginning of a rough time ahead for the mortgage marketplace.
Six years into the housing recovery, prices are still climbing, largely thanks to an inventory shortage.
New data suggests the U.S. housing market is suffering from a supply crunch.
There was a rush to market for new home buyers in 2017.
Thirty-eight percent of all single-family home purchasers in 2017 are first-timers.