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Trends in Housing Affordability: Who Can Currently Afford to Buy a Home?

– Nadia Evangelou National Association of Realtors A good read explaining why things slowed down. Good introduction of why housing market fell apart since 2020. Much was due to the Fed Rate which was significantly higher than it normally was. People did not have the income to support a higher payment caused by a higher Mortgage Rate. Some excellent charting by NAR Calculations. Housing affordability has been a critical issue in the housing...

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