Atlanta Fed: Home Ownership Affordability Monitor

Today, in the Calculated Risk Real Estate Newsletter: Atlanta Fed: Home Ownership Affordability Monitor

A brief excerpt:

Here is another measure of affordability that readers might find useful from the Atlanta Fed: Home Ownership Affordability Monitor

Here is a graph of affordability (higher is more affordable), and of the year-over-year change in affordability through May 2024. By this measure, houses are essentially the least affordable since the Atlanta Fed started tracking affordability (October 2023 was slightly less affordable than May 2024). Note that the Atlanta Fed projects income.

There is much more in the article.