What affordability crisis? Rich home buyers are powering the housing market.
AI Summary
The U.S. housing market remains robust, driven primarily by affluent buyers amidst concerns about affordability, illustrating the ongoing 'K-shaped economy.' This dynamic highlights disparities in economic recovery and housing access across different income groups.
“The housing market is the best expression of the ‘K-shaped economy’ that we’re in right now,” one expert says.
Markets Real Estate housing market affordability crisis US economy K-shaped economy real estate trends