The hottest Housing Affordability Substack posts right now

And their main takeaways
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Inflation Adjusted House Prices 1.0% Below 2022 Peak

CalculatedRisk Newsletter • 19 implied HN points • 27 Feb 25
💰 Finance Real Estate Market Trends Economic Analysis Housing Affordability
  1. House prices are currently about 1% lower than their peak in 2022 when adjusted for inflation. This means prices are still quite high compared to the past.
  2. The price-to-rent ratio is around 7.7% lower than the 2022 peak. This could mean it's more expensive to buy a house than to rent in some areas.
  3. Real house prices have generally been increasing over time, but it's been a while since they have hit new highs. Experts think prices may stay flat or slightly decline in the near future.

Housing Snapshot

Daily Chartbook • 1048 implied HN points • 04 Mar 24
💰 Finance Housing Market Mortgage Rates Housing Affordability
  1. The average rate on a 30-year mortgage has increased for 4 weeks in a row, reaching 6.94%.
  2. Mortgage delinquencies rose for the second straight quarter across all product types, with an increase in new loans entering delinquency.
  3. Nearly 40% of US homes do not have a mortgage, showing a substantial portion of homeowners are mortgage-free.

Proceeding Recklessly

Ironsides Macroeconomics 'It's Never Different This Time' • 137 implied HN points • 23 Sep 23
💰 Finance Monetary Policy Housing Affordability Banking System
  1. The Fed's forward guidance has significant implications for market outlook, creating uncertainty for the rest of the year.
  2. There are concerns about a bear steepening of the Treasury Curve due to increased Treasury supply and reduced buyers.
  3. Housing affordability has been negatively impacted by monetary policy, leading to structural changes in rental rates.

Are housing prices worse than ever in history?

First principles trivia • 177 implied HN points • 07 May 22
💰 Finance Housing Prices Mortgage Rates Housing Affordability
  1. Defining median income, median home prices, and considering mortgage rates are crucial for assessing housing affordability over time.
  2. Analyzing mortgage payments as a percentage of family income reveals that 2022 is not the worst year historically for homebuyers needing a mortgage.
  3. When comparing price-to-income ratios, it's evident that 2022 is the worst year for all-cash homebuyers, but not as dramatic as some claims suggest.
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Housing affordability around the globe and what really helps

Klement on Investing • 2 implied HN points • 05 Mar 24
💰 Finance Housing Affordability Mortgages Government intervention Real Estate
  1. Data shows housing affordability has increased in most countries post the 2008 financial crisis due to low mortgage interest rates.
  2. National averages say the UK isn't as bad in housing affordability as perceived, with countries like Australia and France in a tougher spot.
  3. Analysis suggests government intervention, like offering housing benefits and building new homes, can notably improve housing affordability.