U.S. home prices hit a 15-year high in April. And they've been climbing higher month after month. So what does that mean for us as investors? It's critical to keep a close eye on housing affordability. Today, fortunately, housing affordability is in a good place. We can see it through the Housing Affordability Index. It takes into account a typical U.S. family's income, and it compares that with the current cost of taking out a mortgage. The higher the number, the easier it is for a typical family to afford a typical home in America. Today, that number remains high – much better than 2006.
Full Article here: The Chase for Big Gains Is Finally Bleeding Into the Housing Market
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