Outside of the housing bubble that led to the GFC, this is the worst affordability since 1991. That’s according to Bill McBride, who shares this terrific yet awful chart on his substack.
With prices surging alongside interest rates, we’re finally starting to see some relief out there. Mike Simonsen shows that for the last six weeks, we had fewer percent of listings as immediate sales; down to 23%, from a peak…
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