And to balance that out, also from your link:
>"The affordability gain from increased house-buying power, however, was offset by the third component of the RHPI, nominal house price appreciation, which reached a record 19 percent compared with a year ago, eclipsing the record for price appreciation of 17.5 percent set in 2005."
Re:Home Price to Income Ratio
by game_the0ry on Monday September 20, 2021 @07:30PM
(#28600358)
Awesome, thanks for sharing. Bookmarked.
Today's House Prices Are Over 40 Percent More Affordable Than The Housing Boom Peak:
https://blog.firstam.com/economics/todays-house-prices-are-o...