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Economic Perspectives

A Broader Look at Housing Affordability

Authored by Brian Jones, FHLBNY Financial Economist


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…


Disclaimer. The Federal Home Loan Bank of New York (“FHLBNY”) is providing this report for informational purposes only. This report should not be construed as an opinion, recommendation, or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. The recipients of this report are advised to conduct their own independent due diligence and consult with financial advisors, accountants, and attorneys before making any investment, credit, or any other financial decisions. FHLBNY does not warrant the completeness or accuracy of this report. The past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. The information contained in this report, as well as the services and products provided by the FHLBNY, may change at any time without notice.

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