UNCOMFORTABLY UNAFFORDABLE

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.

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