With mortgage rates near 7%, the housing party is over. Now it's hangover time
Higher rates are dashing the dreams of some would-be homebuyers while others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.
These days Andrea and Mike Johansen are not living their best life. It's temporary but the couple is crammed into a small camping trailer at her parents farm in western Massachusetts, across from a barn with 100 very noisy chickens.
"It starts at like 4:30 in the morning," Andrea says. "You're trying to have zoom calls for work and when the sun starts going down, they start all over again... going bonkers."
The Johansens thought they'd be in a newly
