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Mortgage Rates Slip Again In Still-Tense US Housing Market
If you're keeping track at home (or at "home," with scare quotes, if you're a renter), US mortgage r
The problem, as you stated, is the median home price to annual income ratio. In 2019, that ratio was just over 5. Now it is approaching 8.
https://www.longtermtrends.net/home-price-median-annual-income-ratio/