Wow, this puts it into perspective. Mortgage affordability fell off a cliff almost 40%.

How bad will this affect home prices? It’s yet to be seen since this metric is a leading indicator of home prices.

![image](https://cdn.commonstock.com/07270fe95cf140964535f9ae10011e62ffdd2d713162a4c698584af40af92210-1289x944.png)


Can't imagine home prices not falling with Mortgage rates going throught the roof. Sellers need some time but after that price reductions should start to be seen very drastically IMO.

Rihard Jarc

Mortgage Affordability 

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