The Ultimate Truth about Housing Affordability

The Ultimate Truth about Housing Affordability by Chris Porter | May 31, 2019 | First Time Home Buyers , For Buyers , For Sellers , Housing Market Updates , Move-Up Buyers There have been many headlines decrying an "affordability crisis" in the residential real estate market.

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The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

 · There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability.

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“I believe our ultimate goal here. than 30% of their gross income on housing, according to estimates from the Census Bureau. The group expects to wrap up its action plan by late fall. The goals.

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 · The Ultimate Truth about Housing Affordability There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.

Based on historic home affordability data, that means homes are more affordable right now than any other time besides the time following the housing crisis. With mortgage rates remaining low and wages finally increasing, we can see that it is MORE AFFORDABLE to purchase a home today than it was last year!

Unfortunately that leaves virtually no room for market-priced developments needed to fund the affordable programme. With the administration rightly opposed to high-rise, all the rhetoric about meeting.

The Ultimate Truth about Housing Affordability. dated: 06/01/2019. views: 237. There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to.