Crypto & markets
The US Housing Market Is Frozen Solid. The People Paying for It Are the Ones Who Cannot Wait
A 30 year mortgage went from under 3% to 7.4% in 4 years, and the whole system seized up. I went through the Freddie Mac, NAR, Redfin, and FHFA numbers to show exactly how buyers and owners got locked in from both ends, and why the people who can least afford to wait are the ones paying for it.