Reported 3 days ago
According to economist Matthew Walsh from Moody’s Analytics, U.S. home prices need to either drop by 40% or wages must increase by 70% to return to 2019 affordability levels. Current data reveals that home prices have been rising, with forecasts of future growth despite low demand. The rental market might benefit from new apartment supplies keeping rents stable, but overall, the housing market remains challenging for first-time buyers.
Source: YAHOO