CHART OF THE DAY: Housing market affordability plunges to lowest level since 1985

CHART OF THE DAY: Housing market affordability plunges to lowest level since 1985

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None Housing affordability has plunged to the lowest level in nearly 40 years, according to LPL Financial. • None The drop in affordability exceeds the 2007 bubble levels as mortgage rates approach 8%. • None "Home prices have not moderated much despite high borrowing costs because housing…

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