Housing affordability was near the record in December.

The relationship between mortgage rates, home prices, and family income is the most favorable on record for buying. The home price-to-income ratio continues to remain well below the historical standard. Stabilizing home prices and rising interest rates are expected to reverse the recent affordability trend.

[from Keller Williams market research]

Affordability_graph

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About Debbie Robinson, REALTOR®

Selling Real Estate in Northeast Georgia from Braselton to Lake Hartwell since 1997. Graduated from the University of Georgia in 1980.
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