Over at the Washington Post, they’re reporting that buying a home is now as hard as it was five years ago.
That’s right: According to the National Association of Realtors, it’s almost as hard to afford a house as it was back when the financial crisis started to hit in 2008. But is that good or bad for the economy? Well, both. The Affordability Index is based on median household income, home prices, and interest rates. As the housing market has recovered, prices are on the rise.
And they have lots of charts to back it up.
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