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The Changes It Could Take to Fix Affordability

Housing affordability remains out of reach for many Americans due to the end of historically low mortgage rates. Significant changes like rock-bottom rates, higher incomes, or lower home prices are needed to improve affordability, but these shifts are unlikely. Structural factors such as homeowner equity, conservative lending, and many owners without mortgages limit price drops, keeping affordability pressures high despite market stabilization.

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Daulton Ehlen

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