Let’s have an updated look at our affordability index charts for the counties around Puget Sound.
As of October, affordability is still bad, but not terrible for home buyers. Median home prices have dipped just slightly in the last few months…
Tag: Interest Rates
Actual Home Prices Edging Above the “Affordable” Price
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 rates if they put 20% down and spent 30% of their monthly income.
The “affordable” home price hit $496,051 back in April, but has since dropped off…
Affordability Will Be Destroyed if Interest Rates Increase
Don’t forget, you can get access to the spreadsheets used to make the charts in this and other posts by becoming a member of Seattle Bubble. It’s been a few months since we took a look at the local affordability index. So, let’s have a new look at all of our affordability index charts. As…
Consumer Confidence Keeps Climbing, Rates Inching Up
It’s been half a year since we last checked in on Consumer Confidence and mortgage interest rates, so let’s take a look at a long-overdue update to those charts. First up, here’s the Consumer Confidence data as of June: The overall Consumer Confidence Index currently sits at 101.4, up 7 percent in a month and…
Low Rates Add $120K to the “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…