The Two Big Issues the Housing Market’s Facing Right Now

The Two Big Issues the Housing Market’s Facing Right Now | MyKCM

The housing market is an important component of the economy and has been a major focus of economic recovery following the Great Recession of 2008. The housing market has been a major driver of economic growth, and it has been one of the key areas of focus for policy makers over the past few years. However, despite the overall improvement in the housing market, there are still some major issues facing the housing market today. In this paper, I will discuss two of the major issues that the housing market is facing right now: the affordability crisis and the lack of inventory.

The affordability crisis is one of the most significant issues facing the housing market today. Home prices have increased significantly over the past few years, and this has made it increasingly difficult for potential homebuyers to afford a home. The rising prices have outpaced wage growth, and this has made it difficult for potential buyers to save for a down payment or to qualify for a mortgage. This has caused a decrease in demand for housing and has contributed to decreased home sales.

In addition to home prices, rising interest rates have also contributed to the affordability crisis. Interest rates have increased due to the Federal Reserve raising the federal funds rate. This has made it more expensive for buyers to borrow money to purchase.

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