How Does Today’s Housing Market Compare With the 1981 Recession?

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How Does Today’s Housing Market Compare With the 1981 Recession?

Buying a home in today’s market seems, to many Americans, a nearly impossible pursuit amid record-high home prices and rising mortgage rates, but according to Realtor.com, buyers in the early 1980s faced an even more challenging market. In 1981, buyers spent a staggering 51.3% of their household income on mortgage payments alone, compared with the
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