By Karen Stevenson, 21 June, 2023

Housing is, by pretty much anyone’s definition, becoming unaffordable in many or most parts of the country. Between the high cost of buying a home and the high cost of the mortgage needed to purchase it, the investment to become a homeowner has become daunting. 

A drop in home prices would be welcome news to everyone who is currently priced out of the market. But home values are also the biggest part of whatever wealth most Americans have, especially older retired people.