Incomes Would Have to Jump 55% to Return to Affordability

• The housing market is so unaffordable that only three extreme scenarios would return it to pre-pandemic affordability. 
• US incomes would have to spike 55% to consider the current market affordable, an industry executive said.
• Other scenarios would have to see home prices crash 35% or mortgage rates drop four percentage points. 

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The current housing market is so expensive . . .