For aspiring homeowners, the housing market is a discouraging and confusing testament to the lack of affordable housing across the country.
Home ownership rates haven’t yet recovered from the 2008 financial crisis, and the median home price has risen 28 percent in the last two years as the pandemic accelerated existing trends in housing costs. However, income has not increased proportionally to the cost of a home. The median home costs 4.5 to 5 times the median household income in the U.S.
When it comes time to assign blame, it’s important to understand the difference between private equity firm homebuying and real-estate company homebuying.
Understanding the current housing market means untangling a complex system of real estate…