There’s one undeniable fact about the U.S. housing market. It’s just not affordable for the vast majority of potential homebuyers.
It hasn’t been cheap to buy a house in decades, if ever, but the Pandemic Housing Boom started a huge run-up in prices as remote and hybrid work expanded the map for millions of Americans—many of them millennials entering peak homebuying age. The Zoom towns boomed, and prices followed.
