It's not going to get any easier to buy a house in the next 2 years, economist says

By Business Insider   |   1 year ago
It's not going to get any easier to buy a house in the next 2 years, economist says

The housing market's affordability crisis is expected to persist beyond 2026 due to high prices and rising mortgage rates. Economist Thomas Ryan predicts rates around 7% in 2025, with home prices surging by 4% annually, making homebuying challenging for the foreseeable future.

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