Industry NewsMarkets & Economy

Real estate’s July report card

Guest perspective: Affordability stats are misleading
Published on Aug 12, 2008

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by CareyBot

In recent weeks, we were in several meetings where analysts made the bullish argument that affordability had improved to the point where home prices could fall no further. While affordability has indeed returned to normal levels (as shown by the 5.2 reading on our Housing Cycle Barometer below (click here for an explanation of the barometer), we beg to differ.

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