Worst Housing Affordability" since 1991 excluding Bubble
Real House Prices and Price-to-Rent Ratio in March
Calculated Risk Affordability Index
I’ve put together my own affordability index - since 1976 - that is similar to the FirstAm approach (more of a house price index adjusted by mortgage rates and the median household income).
I used median income from the Census Bureau (estimated 2021 and 2022), assumed a 15% down payment, and used a 2% estimate for prope…
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