<div id="readability-page-1"><div><div><h2><strong>Housing horror 2.0 (or 3.0?)</strong></h2><p>Housing affordability is at record lows, builder confidence has cratered, and Fannie and Freddie are boosting credit‑loss reserves. With most households priced out and home prices softening, the U.S. housing market faces its most structural stress since the financial crisis.</p><h2><strong>Structurally challenged</strong></h2></div></div></div>

房地美

<p>住房恐慌 2.0（或 3.0？）住房负担能力处于历史低位，建筑商信心大幅下降，房利美和房地美正在增加信用损失准备金。由于大多数家庭已被排除在外，房价也在走软，美国住房市场面临自金融危机以来最严重的结构性压力。结构性挑战</p>

婴儿潮一代的现金并未带来帮助