“Current affordability is almost entirely dependent on low - TopicsExpress

“Current affordability is almost entirely dependent on low interest rates, and there’s no doubt that rates will begin to rise in the next few years,” asserted Stan Humphries, chief economist of Zillow. ”This will have an undeniable effect on demand for housing, as home buyers will have to spend more of their incomes to buy a home. Home values will have to either remain stagnant while incomes catch up or, quite possibly, home values will have to fall in some market

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