Housing prices must fall at least 30% to reach basic affordability. Your parents bought homes with 17% interest and still paid less than you do now
Housing prices would need to fall about 30% before basic affordability returns to most U.S. cities. Experts say mortgage rates must drop to around 4.4% for a typical home to fit within the affordability rule of 30% of median income. https://fortune.com/2025/07/30/mortgage-rates-housing-affordability-zillow-report Right now the average thirty year mortgage rate sits near 6.8%, despite being well …