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Housing expert: Affordability crisis, declining immigration are slowing demand for housing

States Newsroom · October 23, 2026

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Housing demand across the country is slowing due to an affordability crisis that makes it difficult for people with moderate-to-low incomes to buy a home or pay high rents, said Alexander Hermann, a senior research associate at the Harvard Joint Center for Housing Studies. High housing costs, high home prices, high…

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