Rethinking The Housing Affordability Crisis, Part 1

Source: curbed.com (Janna Morton)

Let’s talk about the nation’s housing affordability crisis.

I recently downloaded some 2023 third quarter data from the National Association of Realtors. Nationally, NAR reported that the median sales price for existing family homes from July-September 2023 was $406,900, up 2.2% over the previous year. But when you look a…