Only 3 years left for the average American to buy a home

DB-housing-affordabilityBy Jacob Gaffney | HousingWire

President Obama spent the morning addressing a room full of CEOs during the Business Roundtable.

During his speech, he bemoaned the lack of progress in job creation and wage appreciation. That’s a great point to deliver to the nation’s employers, granted.

However, the real economic challenge facing America in the years ahead, concerns housing affordability.

According to the latest outlook report from Deutsche Bank (DB) structured product analysts, the ability of the median-incomed America to buy a home is slipping, quickly.

Continued:

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