Jacob Passy

Approximately $6 trillion in goods is shipped by plane each year, representing 35% of world trade.

‘I don’t feel that we can or should afford to pay 45% of our take home income towards housing when we have a baby on the way.’

The rising cost of jet fuel isn’t impacting airfares so far — but that could soon change.

‘My husband and I are both over 65 and relied on the rental money for our retirement. Because of the loss of income we now have no savings to fall back on.’

Sellers still have the upper hand in today’s real-estate market, but there are some warning signs to watch out for.

Tuesday’s top personal finance stories.

‘If we were to sell now then we could do so at a higher price than ever but we will also have to buy a home at a higher price.’

U.S. new-home sales decreased 2% to an annual rate of 772,000 in February. Compared to a year earlier, sales were down more than 6%.

The average sales prices for a new home sold in February was $511,000.

Fast-rising mortgage rates are straining affordability for a growing number of families, putting homeownership out of reach for some.

‘While I still have a mortgage on my primary residence, I am wondering if I should sell the condo since it has now recouped the original selling price.’

Philadelphia Federal Reserve President Patrick Harker suggested that a longer-term mortgage could help some homeowners avoid default.

One study found that over a third of student loan borrowers are unready to resume making payments, meaning many could soon face financial trouble.

Tax assessments haven’t kept pace with rising home prices, which could create headaches for homeowners over the next few years.

Tax assessments haven’t kept pace with rising home prices, which could create headaches for homeowners over the next few years.

‘It doesn’t help that soaring house prices also eroded affordability.’

Home builders have shifted their focus to multifamily housing projects as buyers grapple with affordability concerns.

Both the Case-Shiller and Federal Housing Finance Agency indexes showed record-setting growth in home prices.

Mark Kiesel famously sold his home in 2006 just before the last housing bubble burst.

Americans still view real estate as an attractive investment, but rising prices are creating major barriers.