UNCOMFORTABLY UNAFFORDABLE
09/17/2024 |
What is both amazing and absolutely terrifying about the current housing market is how unaffordable it is. The combination of ever rising prices and stubbornly high rates has reduced first-time housing affordability to its worst level since the mid-1980s. But back then rates were almost 13%, double what they are now, which tells you all you need to know how insanely high house prices are.