Housing Least Affordable in a Decade

It takes 23.6% of one's income to make a house payment.

This is below the United States average from 1995-2003 leading some to believe that housing is more affordable than in the past. The challenge with this view is that the principle and interest jumped $190 or 18% in 2018 alone.

Another factor is that a .50% increase in interest rates will make housing less affordable than the long term norm.

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