Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

As home prices and mortgage interest rates rise, potential homebuyers are finding that fewer homes are within their financial grasp, prompting parallels to the most recent housing bubble.A study by real estate portal Zillow has found that, for a full one-third of homes for sale nationwide in the fourth quarter, buyers would pay a larger percentage of their income toward a mortgage than in the pre-bubble era.Zillow analyzed fourth-quarter income, mortgage and home value data. The company measured affordability by comparing how the share of an area's median household income needed to cover the mortgage payment of a median-priced area home in the fourth quarter measured relative to the income-share needed to make a mortgage payment on a median-priced home in the same area between th...