What it will take to make homes affordable again for millions of Americans
Publishing timestamp: 2023-10-25 13:45:55
Summary
The article discusses the decline in housing affordability in the United States. It highlights the impact of rising mortgage rates and increasing home prices on the ability of families to afford homes. The article also mentions the need for more housing inventory and the challenges faced by builders. It concludes that it will take a combination of higher wages, lower interest rates, and stable prices to improve housing affordability, which may not happen until 2026 or later.
Sentiment: NEGATIVE
Keywords: business news, economy, u.s. economy, ishares u.s. home construction etf, u.s. 10 year treasury, mortgages, real estate,
Source: https://www.cnbc.com/2023/10/25/will-americans-ever-be-able-to-afford-to-buy-a-home-again.html