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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