(NewsNation) — Few are winning in today's housing market, but that doesn't mean affordability will be out of reach forever.

A new Redfin analysis suggests housing costs could return to "normal" by 2030 if price growth stabilizes, incomes continue to rise and mortgage rates dip to 5.5%.

"The path back to normal housing costs doesn’t require a crash in home prices — stability may be enough," Redfin Senior Economist Asad Khan said in the report.

To measure housing costs, Redfin looked at the share of income going to mortgage payments and used July 2018 as the baseline. Back then, mortgage rates hovered in the mid-4% range, and the typical mortgage payment-to-income ratio was 30% — a standard affordability benchmark.

Today, the monthly mortgage payment on a typical U.S. home consumes about

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