U.S. housing affordability worsens as prices climb and supply stays tight

The U.S. housing market remains mired in an affordability crisis, with home prices up more than 50% since 2019 and mortgage rates still more than double their 2021 lows, even as borrowing costs ease slightly. The average 30-year fixed mortgage rate has fallen to its lowest level since 2023, but economists say financing conditions remain restrictive and housing supply tight, limiting relief for prospective buyers. President Donald Trump has outlined several early-stage proposals aimed at supporting homebuyers. These include a plan to restrict large Wall Street firms from purchasing single-family homes and an intention ...