Mispriced Real Estate: 6 Insights Why the Housing Market Is Living in a Fantasy and the Affects it has on Homebuyers and Sellers
Housing prices are no longer tethered to economic reality, and the gap between incomes, rates, and home values cannot stretch forever. 1. Housing Affordability Has Broken from Its Historical Norms Either home prices must fall—or rates must drop dramatically—to restore affordability. State-level data was used to calculate what home prices or mortgage rates would need […]