The Housing Affordability Matrix:
Affordability Comes Down to Monthly Payment
When discussing the housing crisis, the problem isn't just high prices OR high rates—it’s the lethal combination of both.
To return affordability to roughly $1,930 (the arrowed cell), we need two simultaneous, massive shifts:
1. Home Prices must drop by 15.0%.
2. Mortgage Rates must drop to 4.10%
What is the important thing to understand in the market?
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