Housing affordability isn’t improving soon as the market faces a decade of undersupply, Realtor.com economy says
Housing affordability isn’t improving anytime soon, Realtor.com economist Danielle Hale says.
Hale expected home prices to dip just 0.6% this year, while mortgage rates might only ease to 6%.
The tightness in the market can be chalked up to a decade of housing undersupply.
Housing affordability isn’t improving soon for prospective home buyers, thanks to the high cost of borrowing and the undersupply of homes built over the past decade, Realtor.com’s Danielle Hale says.
In an interview with CNBC on Friday, the chief economist pointed to the precarious state of the housing market, with demand far
