Sharga: “The big problem continues to be wage growth—or the lack thereof. Home-price appreciation has outpaced wage growth for years now.” affordability housing Ten-X Rick Sharga Residential Real Estate Nowcast GlobeSt.com: How much do you anticipate reduced affordability due to increasing home prices to impact home sales this year? Sharga: interest rates California Association of Realtors® GlobeSt.com: Is there anything the real estate industry can do to improve affordability and boost sales? Sharga: homeowners equity GlobeSt.com: Will reduced affordability cause more people to turn to the multifamily market for housing? Sharga: multifamily economic GlobeSt.com: What else should our readers know about affordability and home sales? Sharga: Mortgage rates foreclosure
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