Compare & Contrast
The difference adjustment makes…
Adjusted home prices take household income levels and interest rates for 30-year fixed rate mortgages into account to provide context for affordability during specific time periods. The housing market has been characterized by rising prices and low inventory for some time; however, broader economic conditions paint a different picture:
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Sources: First American: Data Tree/Real House Price Index, Genworth Mortgage Insurance, Black Knight Financial Services, Federal Reserve Bank of New York