Relevant:
- Existing Homes Sales Record Biggest August Drop-EVER But Prices Keep Inflating - The Wall Street Examiner
- Cool Tool: Housing + Transportation Affordability Index
- NAR Housing Affordability Index is Worthless
- UK will never build enough homes to keep prices downÂ
- Housing is getting even less affordable
2017-09-23 — mhanson.com
``But in '12, as trillions in unorthodox capital, credit & liquidity began to drive massive speculation (just like Bubble 1.0) income required to buy began to surge, with prices, shooting above median HH income (boxed in yellow). Meaningful sales growth with this affordability backdrop is impossible.''
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