Home buyers today have historically high levels of house - purchasing power, and that's one important reason why, even as
unadjusted house price growth exceeds household income growth, the talk of an affordability crisis is over-stated for now.»
«Overlooked in the comparison of income growth and
unadjusted house price growth is that a change in household income is not the only factor that influences how much home one can afford to buy,» Fleming said.