US Housing Affordability is at its lowest level in 33 years, below the July 2006 low which was at the peak of the last housing bubble. Back then, national home prices subsequently fell 25% to their low in Dec 2011. Today, the price declines have just begun.
— Charlie Bilello (@charliebilello) August 19, 2022
Charting via @ycharts pic.twitter.com/HYoafwy4br
Friday, August 19, 2022
Back then, national home prices subsequently fell 25% to their low in Dec 2011. Today, the price declines have just begun.
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