<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？）住房負擔能力處於歷史低位，建築商信心大幅下降，房利美和房地美正在增加信用損失準備金。由於大多數家庭已被排除在外，房價也在走軟，美國住房市場面臨自金融危機以來最嚴重的結構性壓力。結構性挑戰</p>

嬰兒潮一代的現金並未帶來幫助