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America's Housing Affordability Crisis Only Getting Worse

America's Housing Affordability Crisis Only Getting Worse

“Affordability is getting worse,” he said. “We’re definitely in the first half of it.”

The NAHB/Wells Fargo Housing Opportunity Index shows that the peak of housing affordability was reached in 2012 when 78% of new and existing home sales were affordable for a typical family based on their incomes and current interest rates. By the third quarter of 2018, that score of 78 had plummeted to 56, meaning only 56% of home sales were affordable.

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