Chart of the Day: Housing Un-Affordability
Plan Today. Protect Tomorrow. Attend an Educational Estate-Planning Seminar.
Production of the U.S. penny has officially ended. Learn what this means for you.
Today’s Chart of the Day is from @kobeissiletter with data from the National Association of Home Builders (NAHB) showing the number of US households broken down by the highest priced home they can afford.
In a nutshell, over 70% of US households cannot afford a typically priced new home which is valued at $460,000. NAHB goes on to say 53 million people can only afford a home priced under $200,000, and sadly, there are only 22 million available. Until a balance is reached, this will continue to fuel additional demand for apartments and the like.
Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.
