Most major metros are adding jobs more slowly than normal, and the slowdown is hitting the workers who drive homebuying activity the most: those in tech , professional services, and finance, according to a new report from John Burns Research & Consulting.

The shift has major implications for the housing market , because high-income earners are far more likely to afford today’s housing prices .

“When high-income sectors contract, you’re removing the workers most likely to qualify for mortgages in today’s market,” explains John Macke, the report’s author .

“Mortgage qualification is fundamentally about income thresholds—and with current home prices and mortgage rates elevated, those thresholds have risen significantly compared to just a few years ago.”

As high-income se

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