An 'Affordability Crisis' Could Hit Key Housing Markets
One analyst says some key housing markets are "on a collision course with an affordability crisis." Here's what it could mean for home builder stocks.
In the past several months, economists have raised concerns about increasing home affordability challenges-and one analyst now says that some markets are "on a collision course with an affordability crisis."
Home prices notched near-record gains in 2020, closing out the year with a 10.4% annual increase, according to the S&P CoreLogic Case-Shiller Home Price Index. Leading data from CoreLogic's home price index indicates that the rapid growth in prices likely continued into January.
