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The housing market has been relatively depressed. However, a new home seems to be out of the reach for many Americans.
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Higher interest rates have been an impediment to the housing market, as they make monthly mortgage payments that much more expensive.
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The inventory of lower-priced or entry level homes isn't great enough for the demand, arguably keeping prices higher.
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The old real estate agents' mantra holds true: "location, location, location." Between economic conditions and local laws, the housing market can be very localized.
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What impact will reduced levels of immigration ultimately have on the housing market? On rents in general?
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What impact will the lack of housing affordability have on longer-term wealth creation?
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