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


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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