Drivers of housing affordability, according to the Federal Reserve Bank of Atlanta

A positive figure means that component improved housing affordability on a year-over-year basis. A negative figure means that component worsened housing affordability on a year-over-year basis.

The Pandemic Housing Boom's 41% run up in U.S. home prices, coupled with mortgage rates spiking from 3% to 7%, has seen national housing affordability deteriorate.
Chart: Lance lambert SOURCE: Federal Reserve Bank of Atlanta
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