The Good, the Bad & the Ugly of America’s Housing Correction

TREND #2





The U.S. housing boom is rapidly cooling as the Fed struggles to tamp down inflation. Specifically, rising rates have made mortgage payments more expensive.


Consequently, there has been a collapse in housing affordability to levels not seen since just before the housing bubble burst in 2006. To appreciate the precipitous drop, refer to the Housing Affordability Index going back.....
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