Housing affordability is at its worst point since the early 1980s

National payment-to-income ratio, based on the share of median income needed to purchase the average-priced home.

National payment to income ratio is the share of the median income needed to make the monthly principal and interest payment on the purchase of the average-priced home, using a 20 percent down payment for a 30-year fixed-rate mortgage at the prevailing interest rate.
Source: Black Knight
Chart: Aaron Gregg THE WASHINGTON POST