How can the housing market be stabilized despite a 40% rise in monthly payments and mortgage payments 58% higher than rent payments?

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I mean let’s get real. How does the housing market stabilize given these numbers? How many people have the income to qualify for a loan at an over 7% mortgage rate? The monthly payment is up around 40% yet people like Fortune magazine think housing prices will stabilize and move higher. I just don’t get it.

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