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Even though higher mortgage rates are starting to curb housing prices, the share of first-time homebuyers has fallen to a historic low, according to the National Association of Realtors. Sue Ogrocki/AP hide caption

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Sue Ogrocki/AP

Mike Johansen stands by the door of the camping trailer where the couple is living while they wait for construction on their new home to be finished. Andrea Johansen hide caption

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Andrea Johansen

With mortgage rates near 7%, the housing party is over. Now it's hangover time

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Both home prices and the pace of home sales are falling nationally as higher mortgage rates cool off the market. tommy/Getty Images hide caption

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tommy/Getty Images

Home prices see biggest drop in 9 years, thanks to higher mortgage rates

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Katrina Wooten signed a contract to buy this home that's under construction near Gainesville, Fla. Then mortgage rates jumped sharply higher. Katrina Wooten hide caption

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Katrina Wooten

Adjustable rate mortgages can be cheaper but risky. Here's what you need to know

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Contractors work on the roof of a house under construction in Louisville, Ky. A new study shows the U.S. is 3.8 million homes short of meeting housing needs. Luke Sharrett/Bloomberg via Getty Images hide caption

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Luke Sharrett/Bloomberg via Getty Images

There's a massive housing shortage across the U.S. Here's how bad it is where you live

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Kevin Dole works from home next to his wife's bureau and near his drum set in the couple's small two-bedroom condo in Nashville, Tennessee. Chelsea Fitzgerald-Dole hide caption

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Chelsea Fitzgerald-Dole

Home prices could fall in some U.S. cities. Here's where and why

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Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people. Steven Senne/AP hide caption

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Steven Senne/AP

Mortgage rates just hit 5%. Here's how much more expensive that makes home ownership

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New homes under construction in Mebane, N.C., earlier this month. A historic shortage of homes for sale has been pushing prices sharply higher. So builders are trying to ramp up projects. Gerry Broome/AP hide caption

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Gerry Broome/AP

It's dorm life for adults: A PodShare co-living building in Venice Beach, Calif., where dorm beds go for about $1,400 per month with shared kitchens and bathrooms. Courtesy PodShare hide caption

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Courtesy PodShare