The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt - Fortune

AI Briefing

• – Housing prices in the Sun Belt are collapsing, while those in the Rust Belt are soaring, as the 'affordability economy' takes hold.
• – The 'affordability economy' has created a housing market that contradicts traditional predictions, with buyers and owners facing strain.
• – Policymakers are exploring ways to lower mortgage costs and increase housing affordability in the face of rising prices and decreasing availability.