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Will Housing Affordability Be a Challenge in 2017?

Jan 19, 2017   //   by Ben Gerritsen   //   Mortgage News  //  Comments Off on Will Housing Affordability Be a Challenge in 2017?

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Will Housing Affordability Be a Challenge in 2017? | Simplifying The Market

Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the

We can see that, even though prices have increased, mortgage rates are still lower than historical averages and have put the index in a better position than every year for the nineteen years before the crash.

Bottom Line

The Housing Affordability Index is in great shape and should not be seen as a challenge to the real estate market’s continued recovery.

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