EXCLUSIVE: New data shows there is no housing affordability crisis

Much has been said in recent months about the mounting housing affordability crisis in the U.S., including blaming it for holding back home sales, suggesting how U.S. Department of Housing and Urban Development Secretary Ben Carson can solve the crisis and even questioning if President Donald Trump’s trade war will worsen the crisis. But new data provided exclusively to HousingWire by First American Financial Corp. suggests there is no such crisis. Are home prices increasing? Absolutely. The latest Home Price Index report from CoreLogic shows home prices increased 7% year-over-year and 1.4% monthly in March.

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Source: HousingWire