Moving Up Is MORE Affordable Now Than Almost Any Other Time In 40 Years

Dated: 03/15/2018

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Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years


Here is a graph showing the Affordability Index compared to the 40-year average:

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years | MyKCM

The graph shows that housing affordability is better now than at any other time in the last forty years, except during the housing crash last decade.

(Remember that during the crash you could purchase distressed properties – foreclosures and short sales – at 20-50% discounts.)

There is no doubt that with home prices and mortgage rates on the rise, the affordability index will continue to fall. That is why if you are thinking of moving up, you probably shouldn’t wait.


If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed.

Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed that:

“Nationally, homes are just about the most affordable they’ve been in the last 40 years… the median household could afford a home 1.5 times more expensive than the median home price. In 1980, the median household could only afford about 3/4 of the median home price.

Bottom Line

If you have held off on moving up to your family’s dream home because you were hoping to time the market, that time has come.



Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years | MyKCM

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Souza Group brokered by eXp Realty

Since 2004, the Souza Group has specialized in premiere property listings and sales located in Clovis Unified and North Fresno market. Over 88% of our business is by Referral with friends referring f....

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