The American Dream of affordable homeownership is becoming increasingly unattainable as interest rates in the US remain high for an extended period. Freddie Mac predicts no relief from rising rates soon, with potential homebuyers adjusting to the new norm. Homeownership is shifting from a middle-class aspiration to one tied to above-average wealth. The housing market is being reshaped by the prolonged high rates, leading to a scenario where mortgage rates may eventually decrease, but house prices will rise to offset the decline.
The higher-for-longer US rates dynamic is slowly but surely reshaping the housing market https://t.co/mpWWdWRkAj
As interest rates in the US remain higher for longer, the American Dream of affordable homeownership is unattainable for longer โ and perhaps for good. https://t.co/HZTYw0WE2r Eventually mortgage rates will fall, but house prices will rise to compensate for that.
As interest rates in the US remain higher for longer, the American Dream of affordable homeownership is unattainable for longer โ and perhaps for good. Read my latest with @jeneps, edited by @MollySmithNews! (Gift link below๐๐) https://t.co/o5Z9Ux30fh
"Homeownership is becoming less of a middle-class dream and more of an aspirational dream that comes with above average wealth." https://t.co/ycDYdmyGA3
Freddie Mac: potential homebuyers likely won't see relief from rising rates anytime soon, and potential homebuyers seem to have acclimated to higher rates
As interest rates in the US remain higher for longer, the American Dream of affordable homeownership is unattainable for longer โ and perhaps for good. https://t.co/uJxZysIccC