US housing market hits unprecedented unaffordability, median prices near $400,000, surpassing 2006 peak.

This is the most unaffordable US housing market

Home prices, adjusted for inflation, are much higher than even the peak of the pre-Financial Crisis period

To put this into perspective:

Median home prices had reached $350,000 in 2006

Today, it is just shy of $400,000 pic.twitter.com/9EqDrYGSmF

— Bravos Research (@bravosresearch) June 17, 2024

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