{"id":124,"date":"2026-10-22T17:00:00","date_gmt":"2026-10-22T17:00:00","guid":{"rendered":"https:\/\/www.michelemovesmountains.com\/blog\/?p=124"},"modified":"2026-10-22T17:00:00","modified_gmt":"2026-10-22T17:00:00","slug":"u-s-affordability-hits-a-21-year-low-https-www-michelemovesmountains-com","status":"publish","type":"post","link":"https:\/\/www.michelemovesmountains.com\/blog\/2026\/10\/22\/u-s-affordability-hits-a-21-year-low-https-www-michelemovesmountains-com\/","title":{"rendered":"U.S. Affordability Hits a 21-Year Low | https:\/\/www.michelemovesmountains.com"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michele-madison\/fed-housing-warning-remotion-videos-0b0c\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>A central bank official said a severe housing shortage kept rents and home prices high, widening the gap between what many Americans earned and paid.<br \/>\nA homeownership affordability index reached a 21-yr low, and mortgage rates climbed to near 7%, making already record-high prices harder for families to manage.<br \/>\nKey pressures included restrictive zoning, costly regulations, weak productivity in homebuilding, years of underbuilding after the subprime crisis, and inflation in construction materials.<br \/>\nThe official said higher rates also created a lock-in effect: many owners kept older low-rate mortgages, limiting listings and adding more pressure.<br \/>\nThe official expected further policy tightening, yet a housing economist said buyers could still improve affordability by negotiating asking prices, not focusing only on rates.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A central bank official said a severe housing shortage kept rents and home prices high, widening the gap between what many Americans earned and paid. A homeownership affordability index reached a 21-yr low, and mortgage rates climbed to near 7%, making already record-high prices harder for families to manage. Key pressures included restrictive zoning, costly [&hellip;]<\/p>\n","protected":false},"author":266,"featured_media":125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/posts\/124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/users\/266"}],"replies":[{"embeddable":true,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/comments?post=124"}],"version-history":[{"count":1,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/posts\/124\/revisions"}],"predecessor-version":[{"id":126,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/posts\/124\/revisions\/126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/media\/125"}],"wp:attachment":[{"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/media?parent=124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/categories?post=124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.michelemovesmountains.com\/blog\/wp-json\/wp\/v2\/tags?post=124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}