NCRC has just published our comprehensive analysis of mortgage data and trends. Last year, mortgage lending was shaped by rising home prices and a return to historically normal interest rates, creating an unprecedented perfect storm: high values attracted home investors looking for expensive assets and rental revenue, while higher borrowing costs limited the options for homebuyers.

NCRC’s sweeping and detailed report, available here, provides both a summation of what’s already happened and a preview of what may be to come.

In short, the gap between renters and owners is widening. Homeowners are trapped in gilded cages, unable to move due to rising rates, while renters face skyrocketing rents, making it impossible to save for homeownership.