The housing market is no longer a wealth-building engine as home prices continue to slump | AI News Digest
The housing market is struggling as home prices continue to decline, failing to keep pace with inflation. According to S&P Global, this trend is negatively impacting real wealth for homeowners. High mortgage rates and ongoing tariffs have contributed to a stagnant market, making homeownership increasingly unaffordable for many Americans. As a result, the traditional role of the housing market as a wealth-building engine is diminishing. The combination of falling prices and high costs is creating a challenging environment for potential buyers and current homeowners alike.
