Housing Prices Are PLUMMETING In These States

#homeprojects
#business
"Over the past few years, we’ve experienced a historic deterioration in housing affordability.

The 51% surge in U.S. home prices since March 2020, combined with mortgage rates rising from 3% to 7%, has resulted in the fastest-ever decline in housing affordability. By most measures, the early 1980s housing market (when mortgage rates peaked at 18% in 1981) was slightly more unaffordable overall. However, in terms of housing cycles, the pace of change matters—which explains why homebuyers and industry professionals are feeling a bit dizzy. "