HOME PRICES AND INTEREST RATES STILL RISING, SHUTTING OUT MORE POTENTIAL HOMEBUYERS – Harvard JCHS

“Rising costs have pushed homebuying out of reach for all but the highest income households in a growing number of metros.”

In a well-functioning competitive market, increases in the supply of housing would not be limited to the highest income buyers. In the US version of capitalism, the housing market is not responding to the needs of most of the population.

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