US Housing Affordability Risks Mirror Pre-2008 Levels

The post highlights that current US housing affordability (median home value / median household income) has reached levels comparable to the period immediately preceding the Great Recession. This metric suggests significant overvaluation in the housing market, indicating a heightened risk of future corrections or a slowdown in real estate growth. The discussion reinforces the difficulty for the average American to afford a home, with down payments often requiring a full year's income.