Alexander Alekhnovich

Resale real estate has regained its appeal as new construction prices climb and mortgages become unaffordable. An analysis of falling demand for primary housing, shrinking apartment sizes, rising prices, tightening family mortgage terms, and a structural shift toward existing housing stock.

The family mortgage program has created a price bubble instead of solving the housing crisis. An analysis of housing affordability, income requirements, the developer crisis, and planned changes to the program in 2026.