Americans facing high housing costs could see some normalization of prices in the years ahead, though a new report cautions that the timeline varies widely based on market dynamics and across different metro areas.Redfin released an analysis last week which found that housing costs could hypothetically return to "normal" in the next five years if mortgage rates fall to 6% and home price growth remains steady at about 2.1%."When we say housing costs could return to normal within five years, we don't mean prices are just going to fall off a cliff. We mean the gap between what homes cost and what...
The housing market could finally become affordable again. Here's what it would take
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Contributors
Wayne G Fraser
HALO Contributor
Insurance Broker
Insurance Industry
State
Georgia, North Carolina, South Carolina
NPN
17934945