The median sales price of a home in the US is now 560% of the median household income. In 2008, it was 360% of the median household income. This is the least affordable housing market in history July 31, 2023 9:23 pm by CWR Sharing is Caring! Least affordable housing market so far. See also Expect a major downgrade in both stocks and the economy. 50 bps cut with stocks at 200% Market cap/GDP See also Rate cuts won't prevent a 2008-style housing correction if affordability collapses—Econ 101.h/t Goldenbird666 Views: 85
