I think interest rates are a big deal. Once the interest rates got jacked up, a lot of people couldn't afford to take on the higher payments and left the market.
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I think interest rates are a big deal. Once the interest rates got jacked up, a lot of people couldn't afford to take on the higher payments and left the market.
Certainly affects the affordability especially if wages arent keeping pace. This is why the Fed's view on wage inflation and the Phillip's Curve is wrong.