It seems you can't find a headline with the term "housing affordability" without the word "crisis" attached to it. That's because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it's not just the price of a home that matters, but the price relative to a purchaser's buying power.Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have...
Aug 15, 2019 ‧ Real Estate News & Trends
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