U.S. housing affordability poised to fall to lowest since GFC on soaring prices, rates

Econ & Housing, The Daily Buzz

The Good Brigade As home prices hover near historical highs and mortgage rates keep soaring, housing affordability in the U.S. is about to reach its lowest point since the 2007 Great Financial Crisis, according to a report by S&P Global Ratings released on July 20. “High home purchase prices don’t necessarily mean that homes have…

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