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Gimme Shelter: U.S. Home Affordability Lowest In 10 Years
Nationwide, the Q3 2018 home affordability index of 92 was down from an index of 95 in the previous quarter and an index of 102 in Q3 2017 to the lowest level since Q3 2008, when the index was 87. This could portend trouble for the Detroit Three automakers which rely on the sales of trucks, some of which are used to build and haul things instead of the fashion accessories they have become for many purchasers. Continue reading →