☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

finance.yahoo.com

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The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says

finance.yahoo.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 1 year ago

To hit pre-pandemic affordability, either US incomes must spike, home prices have to crash 35%, or mortgage rates must come down.

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tallwookie@lemm.ee
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- ryathal@sh.itjust.works
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  Maybe for a few years, it took about 7 years for almost all the country to get back above 2008 prices.
  - tallwookie@lemm.ee
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