Housing will get even less affordable

The United States housing sector has mostly recovered from the subprime mortgage-led collapse. The homeownership rate has started rising again, to 64.2 percent from 62.9 percent in mid-2016, and the gap between rental and mortgage costs has moved in favor of single-family owners. Also, first-time homebuyers totaled 2.1 million last year, almost back to the…

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