Housing around the world is the most unaffordable it's been in decades, the IMF said. AdvertisementHousing affordability is lower than levels recorded prior to the 2008 financial crisis, according to a new analysis of 2023 housing data. In the US, mortgage rates have climbed in recent years, influenced by the Fed's rate-hiking cycle as it fought high inflation. AdvertisementZillow thinks home prices could rise 2.6% in 2025, while mortgage rates could remain elevated, but see "choppy" swings. Redfin, meanwhile, saw home prices rising another 4% next year, while mortgage rates remain stuck near 7%.

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Persons: it's, —, Fu, Deniz Igan, Freddie Mac, Igan, Zillow, Redfin Organizations: Monetary, IMF, IMF's Finance, Development