The math is simple & irrefutable: majority of would-be-buyers cannot afford the saking prices, given the rates on mortgages they can secure. It's the end of the game. From here - either the Fed surrenders (aka, inflation is anchored) or house prices will crash (slowly at first). #HousingMarket #Inflation #MortgageRates #Therearenospecificcountriesmentionedinthetweet.
