New mortgages still absorb 49% of income

Send us a question/idea/opinion direct via text message! Quite a bit of the data over the past week has reiterated the idea that this recovery, while ongoing, could prove to be patchy/variable/uneven – or whichever synonym you like. According to the latest CoreLogic Report, affordability has improved on some measures since 2021, but not on others – e.g. mortgage payments as a % of gross average household income are still 49%. And most measures actually got a little worse again in Q4 2023 as h...