Affordability headwinds in the housing market will persist, economists say

Affordability headwinds in the housing market will persist, economists say

The affordability headwinds in the housing market will likely continue as the Federal Reserve signals that interest rates will remain at a higher level longer than previously expected, according to economists at Realtor.com.  This will only further tip the scales for potential first-time homebuyers further toward renting, as buying becomes out of reach for many, according to Realtor.com chief economist Danielle Hale. The Fed "signaled that the f…