Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling

Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade.David Paul Morris | Bloomberg | Getty ImagesHomeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed…