Economic Perspectives
A Broader Look at Housing Affordability
Authored by Brian Jones, FHLBNY Financial Economist
Highlights
March 29, 2019
Housing affordability fell across the U.S., but held up comparatively well in the Northeast
Housing opportunity gauges provide an alternative way of looking at the affordability issue
Proportion of homes on the market accessible to median income earners declined in FHLBNY district
An increasingly limited portion of local housing market accessible to low-income earners
When considering the outlook for residential real estate in the United States, the same factors are often cited as constraining sales…
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