Affordability is one of the hottest real estate topics of 2021, and there’s a lot of misinformation floating around about what exactly that means for homeowners.
It’s easy for a potential buyer to assume that increasing values equates to decreased affordability. But there are actually a lot of different factors that determine that-not just the price.
To best explain this, it’s good to turn to visuals. Look at the graphic below to see where we currently are.