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Housing Affordability May Return to 2018 Levels by 2030 Amid Shifting Market Dynamics
Housing Affordability May Return to 2018 Levels by 2030 Amid Shifting Market Dynamics
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BTCCSquare news:
Redfin's latest analysis projects a potential return to pre-pandemic housing affordability by the end of the decade, contingent on moderating mortgage rates and sustained income growth. The median U.S. home could mirror 2018's payment-to-income ratios if rates decline to 5.5%, though coastal metros may lag behind.
Current market paralysis reflects buyer reluctance at 6-6.7% mortgage rates, with many postponing purchases until financing costs ease. The 30% gross income threshold remains the benchmark for 'normal' affordability—a standard last seen when Bitcoin traded below $8,000 and ethereum at $400.
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