▶youtube BusinessReal Estate first seen 10 h ago, last 59 min ago, peak #11
US Housing Affordability Falls to a 40-Year Low
Original: Housing Affordability Just Got Smashed To a 40 Year Low
Housing affordability in the United States has dropped to its worst level in roughly four decades, as high mortgage rates and elevated home prices push ownership out of reach for many buyers. Commentators say the combination of borrowing costs near multi-decade highs and persistently tight supply has priced out first-time buyers and is fueling growing public frustration over the housing market.
Why now: High mortgage rates and record home prices have made buying a home dramatically less affordable, striking a nerve with would-be buyers.
United Stateshousing marketFederal Reserve
Evidence
- Housing Affordability Just Got Smashed To a 40 Year Low · Michael Bordenaro · 149K
API: https://socialmediatrends-api.osmike.com/v1/trends/627529