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U.S. Housing Market Crisis: Urgent Need for Affordability Solutions

1/14/2026

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Summary

Story summary

The U.S. housing market faces a structural affordability crisis, says Dan Coakley of PMG Affordable.
Returning to pre-pandemic affordability is unlikely without changes such as 2.65% mortgage rates, 56% income gains, or 35% price reductions, Coakley says.
Coakley calls for increased housing supply and incentives for developers to build affordable homes.
The administration of U.S. President Donald Trump has proposed housing measures, but Coakley says a long-term strategy is needed.

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Story summary

The U.S. housing market faces a structural affordability crisis, says Dan Coakley of PMG Affordable.
Returning to pre-pandemic affordability is unlikely without changes such as 2.65% mortgage rates, 56% income gains, or 35% price reductions, Coakley says.
Coakley calls for increased housing supply and incentives for developers to build affordable homes.
The administration of U.S. President Donald Trump has proposed housing measures, but Coakley says a long-term strategy is needed.