Business
The Housing Market Isn’t Booming For Everyone: Four Numbers That Sum It All Up – Forbes
Many see the housing market’s performance as a sign the economy is on the right track, but the recovery isn’t being felt by all Americans.
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As the coronavirus pandemic took hold in the United States, mortgage rates plummeted as the Federal Reserve slashed interest rates to near zero. Those rock-bottom borrowing rates helped prop up the housing market during the worst of the economic slowdown in the spring and fueled tremendous growth in July.
While it may be a hot time to buy for some, Americans on the lower end of the income spectrum are struggling. Here are four numbers that shed light on the bifurcated housing market.
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