As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage…
Tag: big-picture
Affordability: Price Declines Offset by Increasing Rates
Let’s take a look at how affordability is doing in the Seattle area after the last couple months of changes in home prices and interest rates. So how does affordability look as of January? Roughly the same place it’s been bouncing around since last June. The index inched back up to 103.6 from 100.8 in…
Median Price Drops Back Below Affordable Home Price
As promised in yesterday’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s mortgage…
Affordability Improved in October & November
Let’s take a look at how affordability is doing in the Seattle area after the last couple months of changes in home prices and interest rates. So how does affordability look as of November? Slightly improved from July, August, and September. The index inched back up to 104.7 (i.e. the monthly payment on a median-priced…
“Affordable” & Median Price Line Up in September
As promised in last night’s affordability post, here’s an updated look at the “affordable home” price chart. In this graph I flip the variables in the affordability index calculation around to other sides of the equation to calculate what price home the a family earning the median household income could afford to buy at today’s…