Part 8/8:
The only plausible paths to restoring affordability involve substantial reductions in interest rates, significant price declines, or considerable increases in wages. Yet, until these changes materialize, the likelihood of a robust housing market recovery remains dim.
In conclusion, the current state of the housing and commercial real estate markets signals a troubling period. However, this slow movement toward affordability may eventually pave the way for more sustainable homeownership options in the future. As market dynamics shift, it is essential to remain informed and cautious, watching for signs of when the tide may finally turn.