Housing Market TO DROP 35 % To Become AFFORDABLE
It has now been estimated that one of 3 things needs to happen in order for housing to become affordable again. Either home prices needs to drop 35%, incomes needs to go up 55%, or interest rates need come back the 3% range or some combination of all of that. But the reality is, only one of those is likely to happen right now in this housing market, and thats prices coming down. It's the path of least resistance and the most realistic when you look at the other two.
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