I thought this was a great illustration of just how affordable housing is in our country right now.  This data was compiled by the National Association of Realtors and the US Bureau of Labor Statistics.  The blue line is Median Household Income and the red line is the Median Price of Sold homes over the last 15 years.  Notice anything interesting?  When the lines intersect, it means that housing prices are in line with what people are making.  We can see here that the Median Sales price crossed Income towards the beginning of 2007 and that housing has continued to drop below Income ever since.  In the past 15 years, we have only seen the Median Sales Prices fall below the Median Household Income twice (1995 and 1998) and that affordability gap has never been so dramatic as it is now.  In short…buying a home is more affordable now that it has been in over 15 years!

This is what opportunity looks like y’all!  What do you think?

Keep the Faith