🚨 US Housing Just Hit Record Unaffordability — Worse Than 2008

This isn’t just real estate. It’s a credit + liquidity problem.
2026 snapshot:
Median home: ~$415k (+54% in 5 yrs)
Wages: +29%
30-yr mortgage: ~6.3% (vs 2.7%)
Income needed: ~$127k
Median household income: ~$80k
→ ~75% of homes unaffordable
Red flag: Pending Home Sales just hit an all-time low — weaker demand than during 2008 Financial Crisis.
Why it matters:
Housing drives credit, construction, spending, and local jobs.
When volume dies → credit tightens → liquidity drains → risk assets lose support.
Slow breakdowns are the most dangerous. This one’s structural.
Stay positioned carefully.