Are We Missing the Boat on Housing Affordability?

The last six months, housing affordability has been one of the few give-ins regarding housing. With record-low interest rates and competitively-priced homes, affordability is at its highest level in more than 40 years…or is it?
A new study by mortgage consulting firm Andrew Davidson & Co. is arguing that affordability in the current market may not be all it’s cracked up to be.

The paper argues that when homeownership’s total costs ? meaning, the share of a borrower’s income that a home purchase requires ? are viewed in both today’s market and ...

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