This Current State of Home Affordability infographic was put together by Creditscore. It illustrates a number of interesting points.
- More than 7 Million new privately owned housing units were authorized from Sept. 2009 to Sept. 2010
- The Median price of a home is up 7x over 1940.
- It would take the average american household 4 years to save enough money to buy a median priced home, if they spent on nothing else.
