Housing Affordability Returns to Pre-Bubble Levels


According to this Wall Street Journal article, the combination of a modest rise in family income together with the continued decline in home prices has resulted in a marked increase in the affordability of housing. According to Mark Zandi chief economist of Moody’s Analytics, “Based on incomes, this is as affordable as it gets. If you can get a loan, these are pretty good times to buy”. Read more


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