EP47 - When Will Housing Become More Affordable?

Housing Affordability is sitting near the worst levels we've ever seen as the percentage of families that can afford the median priced home in the US at current interest rates is near all time lows.  Does that mean House Prices need to crash to get back to the long term trend in order to make real estate more affordable?  What makes up housing affordability?  What are we likely to see in 2023 with wage growth, mortgage rates and house prices?  In this episode, we discuss the current state of the housing market and what has to happen to create more affordability in the housing market. ✅ - Want to get connected with us or to a local expert in your market, please reach out at http://www.theeducatedhomebuyer.com/expert 📧 - Join Our Free Community - https://educatedhomebuyer.circle.so/join?invitation_token=3d978b36ae3df35120fd1dbad793c5afc0c027da-116130ee-51ad-4611-a48a-f6f2b39f3c1c Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳ https://www.instagram.com/jebsmith ➡Y O U T U B E ➳https://www.youtube.com/c/JebSmith Connect with me 👇 Josh Lewis (Huntington Beach Certified Mortgage Expert) DRE 01209148 Buywise Mortgage M:714-916-5727 E: [email protected] ➡I N S T A G R A M ➳ https://www.instagram.com/borrowsmartjosh ➡Y O U T U B E ➳https://www.youtube.com/c/buywiseborrowsmart 📩 - [email protected] 👕 - Merch - https://jebsmith.myspreadshop.com/ 🙏 If you found any value today, please be sure to rate and review us. Follow us on social media. Thanks for listening.