Morningstar Makes a Bold Call that Housing Market Affordability Will be Restored by 2025. Here’s How

July 10, 2023

Fortune, July 9, 2023–Lance Lambert (subscription)
Housing market affordability right now is on par with what buyers saw at the height of the housing bubble in 2006 when factoring in mortgage rates, home prices, and income levels. That’ll happen when mortgage rates spike from 3% to 7% just after the Pandemic Housing Boom sent national house prices up over 40%.
https://fortune.com/2023/07/09/housing-market-affordability-restored-by-falling-mortgage-rates-2025-says-morningstar/