[garciasn]

You're missing the median income to home price ratio is at an all-time high: https://www.longtermtrends.net/home-price-median-annual-inco...

So, while interest rates are at historical 'norms', affordability is not.

[bnjms]

I ask sincerely. Is there a way out of that problem other than raising wages and inflation?

[SoftTalker]

Build more houses (or housing, if you prefer).