U.S. home ownership affordability remains at basically the worst level in history. Prices and rates are both too high. Prices are the real issue, as affordability was at 14yr lows when the Fed began hiking (red arrow = March 2022). The only true solution is a reversion of prices relative to incomes. Boosting wages will just boost prices. Slashing rates will do the same. The release valve must come from SUPPLY.