Federal Reserve Bank of Atlanta: Soaring Home Prices Choke Affordability
June 04, 2021
June 04, 2021
ATLANTA, Georgia, June 4 -- The Federal Reserve Bank of Atlanta issued the following community and economic development article by Domonic Purviance, supervision for regulation, and credit division:
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Continued robust home price appreciation, the economic challenges of the lockdown, and increases in mortgage rates have eroded home affordability nationally. Heading into 2020, affordability was increasing--even in the face of rising home prices--as buyers benefitted f . . .
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Continued robust home price appreciation, the economic challenges of the lockdown, and increases in mortgage rates have eroded home affordability nationally. Heading into 2020, affordability was increasing--even in the face of rising home prices--as buyers benefitted f . . .