Housing Affordability Improves Despite Government Intervention

Despite numerous policy gimmicks from Washington to artificially prop up the market, the affordability of housing has improved significantly since 2006.  In 200, nearly 63% of homes were affordable by median earners; by 2006, at the height of the mania, that number had dropped to only 40.4%.  Today median earners can afford nearly 75% of all homes sold. 

Wall Street Journal  June 2, 2011

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