What Do U.S. Housing Price Predictions for 2023–2024 Look Like and Why?

The average U.S. family can no longer afford to buy the average house. That already happened in 2022 — done deal. But wait…it gets much worse.

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Photo by Jungwoo Hong on Unsplash

Three important things happened in U.S. housing over the past 2.5 years since March 2020:

1. Housing prices rocketed upward.
   • 30% increase in the 21 months from April 2020 through the end of December 2021.
   • 37% increase in average prices from Q2 2020 to Q2 2022.
   • Such a…