How can American house prices still be rising?
Mortgage payments are at their highest since the mid-1980s
Homeownership regularly nears the top of surveys about what Americans most want in life. Alas, this part of the American dream has rarely been harder to attain. Those looking to enter the property market face a triple whammy of high prices, costly mortgages and limited choice. Together these factors have conspired to make housing deeply unaffordable, with little sign of relief on the horizon.
This article appeared in the Finance & economics section of the print edition under the headline “The property paradox”
Finance & economics September 2nd 2023
- How can American house prices still be rising?
- Which country’s genius deserves the €200 note?
- Europe’s economy looks to be heading for trouble
- Germany’s economic model is sputtering. So are its banks
- High bond yields imperil America’s financial stability
- China’s shadow-banking industry threatens its financial system
- How will politicians escape enormous public debts?
From the September 2nd 2023 edition
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