Housing still unaffordable Premium Content

Price declines do not cure sticker shock

Inman News®

Affordability troubles remain despite home price declines.Affordability troubles remain despite home price declines.

Home prices have tumbled from their heights, but their fall still hasn't made much of a dent in the nation's housing affordability woes. In fact, "even with widespread price declines, affordability for would-be homeowners has not improved significantly."

That's one conclusion of "The State of the Nation's Housing 2008," a report published earlier this year by Harvard University's Joint Center for Housing Studies.

more...

To view this premium content sign in to your Premium Membership Premium Member account.

Premium Membership Premium Members have full access to all news archives & premium content.

Purchase Premium+ Membership for $99/year OR
Premium Membership for $49/year

Buy Now

Share with REmessenger