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US housing affordability has never been worse:
The US home price-to-income ratio is now up to a record 4.4x.
This means the average single-family home now costs over 4 TIMES what the median household earns.
This has even surpassed the 2006 Housing Bubble peak of 4.1x.
The ratio has risen by +1.2 points, or +38% since 2011.
During this period, home prices have surged +139% while median household income has increased +68%.
Housing affordability is horrible at best.
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