32: Housing is Unaffordable, But Could It Actually Get Worse?

On The Market · Sep 5, 2022 · 33m

The housing market, for most people, seems like an unaffordable investment. For years, housing unaffordability was climbing, but not fast enough to keep average Americans from buying primary residences. Now, combine rising interest rates with all-time high appreciation, and the average renter can’t afford a home in most American metros. But how did this all come to be, and is there a chance that home affordability could get even lower than it stands today?

We wanted to know how affordability in the United States compared to other similar countries around the world. Although most Americans…