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Chart of the Day: Housing Affordability

Crews Bank & Trust Wealth Management Services Apr 25, 2023
chart shows the ups and downs of housing affordability from 2008 to 2022

Contents

Today's Chart of the Day from Fortune illustrates the components of housing affordability, which include changes in incomes, rates, and prices. There is an ebb and flow, but currently rates are the primary driver. The overall trend since COVID-19 is disappointing, and eventually the trend will reverse. On a positive note, as rates go down, the trend should reverse.
Chart of the Day

About the Author

Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

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.

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