Housing affordability has plummeted at an unprecedented rate, driven by a surge in demand during the pandemic as people sought more space and relocated to more affordable areas. Home prices skyrocketed by approximately 45% from March 2020 to June 2022, with a staggering 21% increase in 2021 alone. The combination of low interest rates and an influx of easy money further fueled this dramatic rise, leaving many feeling overwhelmed in the current housing market.
