Housing affordability dropping across the US

house and keys

The median home price in the US reached a new record high of $440,300 in the second quarter of 2022, according to figures published by the Federal Reserve Bank of St Louis. The median price is up more than $100,000 dollars from two years ago.

Meanwhile, the housing affordability index published by the National Association of Realtors (NAR) fell to 98.5 in June 2022, its lowest level since 1989. The further it falls, the less affordable homes are generally in the US, impacting first-time buyers

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.