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The Real Housing Crisis Is for Buyers | Real Estate News
The housing market’s real crisis isn’t for sellers—it’s for buyers, especially the next generation. Nearly 90% of Americans say buying a home is harder than ever, with middle-income households now able to afford just 21% of homes—down from 50% pre-pandemic. Monthly mortgage payments have doubled, and the income needed to qualify has nearly doubled too. Existing homeowners are sitting on trillions in equity, while young adults’ homebuying expectations have plummeted to a record low. The future of homeownership depends on helping these aspiring buyers—because without them, the entire industry’s…
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