Housing affordability is so stretched that the housing recession is still ongoing-despite the recent rate dip

"It appears a deflationary-like mindset has taken control over some home shoppers... many prospective buyers are saying, 'I know rates are coming down, so I'll wait.'"

"We may be exhausting the cohort of people who can buy given the affordability constraint... There are pools of buyers who can continue to buy given the affordability constraint..."

Read at Fast Company