Op-Ed: Less affordable homes don ’t just ruin American dreams, they’re a threat to the economy

Incredibly, housing is now less affordable than it was prior to the Great Financial Crisis — when a complete breakdown in lending standards led to a frenzy of speculation that ended in a 33% peak-to-trough decline in housing prices (based on the S&P Case-Shiller 20-City home price index) from July…#greatfinancialcrisis #freddiemac #justinlahart #gfc #federalreserve

Source: Reuters: Health - August 25, 2023 Category: Consumer Health News Source Type: news