In January 2021, the average cost for a 30-year, fixed-rate mortgage in the U.S. was below 3%, it now sits above 7%.
Americans can’t afford homes, investors aren’t buying property, and economists see little relief ahead.
All this as surging mortgage rates and near-record home values have sparked an ‘affordability crisis.’
So, is the U.S. housing market stuck?
Ben Reinberg, the Founder & CEO of Alliance Consolidated Group of Companies, LLC. joins Veronica Dudo to discuss.
#housingmarket #homebuyer #economy #money #finance #firsttimehomebuyer
