Trump failed to make housing in the US affordable again
Three out of four households in the country cannot afford a median-priced house due to the escalation of interest rates
The US housing market contributed to the Republicans' losses in the November 4 midterm elections. High house prices and financing costs have priced many potential buyers out of the market. Many homeowners are unable to move without increasing their mortgage payments. Wealth inequality in housing is at extreme levels.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
