Homes are the most affordable they have been in 40 years
Posted by West + Main Homes on

Believe it or not, homes have become more affordable thanks to low mortgage rates, according to trulia.
When it comes to buying a home, Americans have been feeling the crunch in recent years. Demand is high, inventory is low, and prices continue to rise. These pressures have created a perfect storm for prospective buyers – they now need to pay more for a home, and will likely have a hard time finding that home.
In today’s squeezed environment, it can feel like the going is tougher than ever before – certainly, tougher than our parents had it. But were the good old days really that good? Trulia took a look at home affordability across the decades to try to answer this question.
They constructed an affordability score, comparing the highest…
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