When Houses Outrun Paychecks: The Lost Decades of Housing Affordability

Manu García and Carlos Garriga

On the Economy from Federal Reserve Bank of St. Louis

Abstract: An analysis of housing and household income data from 2000 to 2023 finds that in most U.S. counties, the cost of buying a house has outpaced local incomes.

Keywords: home prices; housing affordability (search for similar items in EconPapers)
Date: 2026-02-12
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:102437

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