You can’t read an article about residential real estate without the author mentioning the affordability challenges that today’s buyers face. There’s no doubt homes are less affordable today than they were over the last two years, but that doesn’t mean homes are now unaffordable.
There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components in the above PDF.
There are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each of these components in the above PDF.