Housing Prices Are PLUMMETING In These States

Home builders are desperate to sell houses in Florida. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Your Support is Crucial to the Show: https://go.tyt.com/jointoday

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"Over the past few years, we’ve experienced a historic deterioration in housing affordability.

The 51% surge in U.S. home prices since March 2020, combined with mortgage rates rising from 3% to 7%, has resulted in the fastest-ever decline in housing affordability. By most measures, the early 1980s housing market (when mortgage rates peaked at 18% in 1981) was slightly more unaffordable overall. However, in terms of housing cycles, the pace of change matters—which explains why homebuyers and industry professionals are feeling a bit dizzy. "

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