Why Home Prices Don’t Tell the Whole Affordability Story
House prices increased more than 13% on a year-over-year basis, but house-buying power has grown even faster, increasing by more than 19%, saidChief Economist Mark Fleming at First American Financial Corporation. He and other economists are examining the latest home-price and affordability data and seeing trends that may, at first blush, seem contradictory, but the analysts make …
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