US Housing Affordability Crisis Won’t Improve Until 2026 As Rates and Prices Remain Too High, Analysts Say

US Housing Affordability Crisis Won’t Improve Until 2026 As Rates and Prices Remain Too High, Analysts Say

Bank of America (BofA) analysts recently noted that the prolonged US housing affordability crisis won’t improve until at least 2026 due to rising property prices and short supply as homeowners stay locked in due to elevated mortgage rates. While the US housing market appeared to stabilise after years of muted activity due to the pandemic, … Read more