Something about the American housing market doesn’t seem to make sense. Mortgage rates are high. Monthly payments are painful. Home sales are slow. Buyers are frustrated. Inventory is increasing. And affordability remains one of the biggest problems facing the housing market. Under normal economic logic, all of that should lead to one obvious result: Home prices should be falling. But nationally, that still isn’t happening in a meaningful way. The National Association of Realtors reported that the median existing-home price…
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Nearly 7% Mortgage Rates — So Why Are Homes Still So Expensive?
Something about the American housing market doesn’t seem to make sense. Mortgage rates are high. Monthly payments are painful.
