Housing Affordability Crisis: Mortgage Payments Have Nearly Doubled Since 2020
Mortgage payments have surged 97% since 2020, outpacing income as housing affordability pressures homebuilders ahead of midterm elections.
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Lennar Corporation has announced its intention to acquire the Boynton Beach Mall property with plans to transform the site into a mixed-use community.
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Mortgage payments have surged 97% since 2020, outpacing income as housing affordability pressures homebuilders ahead of midterm elections.
The U.S. housing industry is struggling with pending home sales down 7.3% month-over-month and 11.3% year-over-year, causing investors to flee homebuilder stocks. However, Berkshire Hathaway is making significant investments in the sector, including acquiring Taylor Morrison for $6.8 billion and increasing its stake in Lennar to 11%. Berkshire CEO Greg Abel views the 10-million-home housing shortage as a long-term opportunity, though he cautions recovery won't be quick. The article suggests ordinary investors should consider buying Berkshire shares rather than directly investing in homebuilders given the volatility and patience required.
Kaplan Fox has filed a class action lawsuit against Millrose Properties, Inc. (NYSE: MRP) on behalf of investors who purchased securities between February 7, 2025 and October 2, 2026. The lawsuit alleges that Millrose made false statements in its spin-off prospectus, claiming it would not enter into lease agreements or have tenants, when in fact the company purchased $200 million in finished homes from parent company Lennar with intent to lease them on the rental market. The revelation caused Millrose shares to fall 8.5% on October 5, 2026. The deadline to move the court to become lead plaintiff is December 8, 2026.