This is how America’s housing affordability is impacting credit quality

Affordability has returned to average historical levels, and it’s having a ripple effect.

It’s official: The era of unusually affordable housing has ended. Well, according to a recent Moody’s Investors Services analysis.

The organization claims that America’s housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors.

“Homes are no longer relatively cheap on a national basis, and certain market segments are in worse shape, reflecting supply-and-demand imbalances stemming from the 2007 through 2012 housing slump, as well as demographic changes and the long U.S. economic expansion and its unevenly spread benefits,” Moody writes. “Reduced affordability is also a lingering issue in the rental market, where the effects are in some ways more severe.”

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