While rising interest rates may lead to more reductions in the housing supply, it may also bring some much-needed balance to the market.
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Category: First American Real House Price Index
Housing affordability falls to lowest level since 2008
Housing affordability fell to its lowest level since 2008 in October as home prices rose 19.6% from last year.
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Housing affordability falls for a third straight month
Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index.
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