Housing Market Slows Amid Affordability Crisis | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews The U.S. housing market is grinding to a halt—home sales are at their slowest pace in 12 months, hitting levels last seen in 2015—yet prices keep climbing to record highs. Buyers are stuck, paralyzed by high costs, stagnant wages, and inflation fears. Even with a 20% down payment, monthly payments are now sky-high compared to a decade ago. While price growth has cooled from the wild boom of 2015–2022, affordability has plummeted, leaving far fewer Americans able to buy a home today than back then. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/528cd43eac68e5cf