Housing Affordability

Housing Affordability

Data from really track shows that one third of US counties are less affordable today than they were in 2000! This report calculated the percentage of median income needed to make monthly payments on a median priced home in each county, as well as their historical trend in each county’s income, the price affordability percentage going back to January 2000.

There were 1200 counties analyzed in 2014 and none of them are near the danger marks reached during the housing bubble! Plus, should interest rates increase by one percentage point only 59 counties, which represent about 2% of the US population would be at or above the housing bubble levels in terms of affordability. Read more