Today’s housing affordability crisis is caused by the failure to acknowledge technological advancements that globalized housing markets that were once local. Policymakers, banking regulators, and the academic community slept at the wheel. On the heels of the Dot.com bubble, policymakers eagerly stepped in to avoid another economic crisis, accepting the false theory of a real estate housing bubble. Policymakers never considered that the growth in home prices could be real. Two decades after the declaration of a housing bubble, home prices continue to increase rapidly today. Evidence is clear the housing bubble never existed. The growth in home prices was real. Despite all the evidence suggesting real estate housing bubbles never existed. Policymakers have struggled to address today’s housing affordability crisis because of the failure to change course on ineffective policies implemented to address a real estate housing bubble that never existed. Lower interest rates will not solve the housing crisis we face today. The experts who concluded housing bubbles existed were wrong. The idea that lower interest rates will decrease housing costs suggests policymakers do not understand the problem. The failure to understand the structural transformation of the housing market means policymakers worldwide are still at a loss for solutions to address today's housing affordability crisis (Walters, 2024). The increased housing costs from the technological-structural transformation of the housing market between 1995 and 1999 resulted in globalized markets (Walters, 2024). The globalization of housing markets caused a significant shift in the demand curve of the global housing market that policymakers failed to address because policymakers accepted the misinformation of real estate bubbles as suggested by Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008 in Walters (2018). Walters and Djockic (2019) and Walters (2019) presented evidence supporting the theory developed by Walters (2018). The current research presents Eddison Walters Housing Market Globalization Theory that builds on Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory.