The Hottest Places to Live Now Are Often the Most Affordable

Fast-rising housing prices have pushed buyers from expensive coastal cities into cheaper housing markets in recent years, making places like Rapid City, S.D., ambitious destinations for home buyers WSJWhatsNow

In The Wall Street Journal/Realtor.com Emerging Housing Markets Index, Rapid City, S.D., metro area ranks No. 1 for quarter

With the average 30-year mortgage rate rising to 5%, home ownership may now be out of reach for millions more Americans. WSJ’s Dion Rabouin explains the impact for potential buyers, sellers and the housing market. Illustration: Adele MorganLess expensive cities with strong local economies climbed The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, another sign that many home buyers are giving priority to affordability.

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