WSJ | How the Fed’s Rate Hikes Broke Home Buying, in Six Charts

    Homes | Interest Rates | The Fed | Valuation | WSJ

    — Boston Multifamily Real Estate Investment and Development. The premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Dec 11, 2023

    It is now less affordable than any time in recent history to buy a home, and the math isn’t changing any time soon. Home prices aren’t expected to go back to prepandemic levels. The Federal Reserve, which started raising rates aggressively early last year to curb inflation, hasn’t shown much interest in cutting them. Mortgage rates slipped to about 7% last week, the lowest in several months, but they are still more than double what they were two years ago.

     

    Source: How the Fed’s Rate Hikes Broke Home Buying, in Six Charts – WSJ

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