US Housing Woes Grow Bigger As Home Affordability Crisis Deepens
The US economy is currently experiencing tough times. The nation’s economic anatomy is at a crossroads, and the bulging US debt ceiling continues to be a pressing issue. At the same time, the US housing woes are also deepening, with new metrics indicating that young people cannot afford to own a house in the States anymore. Also Read: Shiba Inu: What’s SHIB’s Price If Its Market Cap Hits $500 Billion? US Housing Crisis Deepens: What It Means For Homeowners In The United States? Image: Pixabay The US housing crisis is worsening with each passing second. According to the latest post by the Kobeissi Letter, young people in the US can no longer afford to buy a house anymore. The post streamlined new age dynamics in the sector, where the average home buyer age has hit a new record high of 56, per a recent NAR study. Earlier, the average homebuying age was nearly around 45 in 2021 and 39 in the year 2000. The post further outlines a striking Analysis , explaining how over the last 3 ye...