🏡Top Housing Graphs - May 2022🏡
#2: A housing affordability crisis?
- The median US home lists at $425K
- The median American can only afford a $373K home
- The affordability gap of $52K is the *highest on record*
Took a lot of heat on Twitter when I forecasted a 4% to 6% home price appreciation in 2023
Turns out, the Case Schiller index proved us right
Here’s my prediction for 2024:
🏡Top Housing Graphs - May 2022🏡
#2: A housing affordability crisis?
- The median US home lists at $425K
- The median American can only afford a $373K home
- The affordability gap of $52K is the *highest on record*
Median sale price dropping does NOT mean home prices are dropping
It means that cheaper homes are being sold more than expensive homes!
There’s a reason the Case Schiller index was created 🤔
