Housing-Affordability Index Drops to Lowest Level Since 2006

Wall Street Journal, July 8, 2022–Nicole Friedman (subscription)
Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking prices.
https://www.wsj.com/articles/housing-affordability-index-drops-to-lowest-level-since-2006-11657288800?mod=hp_lead_pos4