Don’t Count On a Housing Slowdown to Improve Affordability

Bloomberg, Apr. 25, 2022–Conor Sen
As mortgage rates continue to rise, all eyes are fixed on the housing market for signs of a potential slowdown. But any slowdown that does materialize won’t affect the industry equally because it isn’t going to be about fundamental problems with the housing market. Rather, it will be the result of the Federal Reserve intentionally increasing borrowing costs to cool off inflation.
https://www.bloomberg.com/opinion/articles/2022-04-25/a-housing-market-slowdown-in-los-angeles-won-t-improve-affordability