First American: Nominal house price appreciation responsible for April's housing affordability

First American: Nominal house price appreciation responsible for April's housing affordability
In April 2019, home prices fell 0.9%, declining 0.72% year over year, according to First American’s Real House Price Index. This means unadjusted house prices now sit 2.8% above the housing boom peak. First American Chief Economist Mark Fleming said only nominal house price appreciation dampened April’s affordability.
Source: https://www.housingwire.com/rss