Loading ...The median home value to income ratio in the US now stands at a record ~4.5x.
This is 45% above the historical average of ~3.1x with the median home payment now at a record $2,800/mo.
Meanwhile, the median rent price in the US just hit a record $2,050/mo.
Renting a house in… pic.twitter.com/pUgE5kiHkt
— The Kobeissi Letter (@KobeissiLetter) August 27, 2023
Foreshadows a fall in home prices …
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