US housing affordability is near historic lows:
The US home price to median household income ratio is now at 7.0x, near an all-time high.
In other words, it would now take 7 years of median household income to buy the average single-family home in the US.
This ratio now even exceeds the 2006 housing bubble peak of 6.8x.
By comparison, in 2000, home prices were 4.3x higher than the median annual household income.
As a result, the average first-time homebuyer is now a record 40 years old.
Homeownership is becoming increasingly out of reach.

Houses... yikes
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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