November 17, 2024 3:40 pm
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Does fourth quarter GDP foretell a slowdown in home affordability?

This expert thinks so

By Kelsey Ramírez | HousingWire

The gross domestic product report for the fourth quarter may forecast a slowdown in this part of the housing market going into 2017.

The advanced estimate for GDP showed an increase of 1.9% in the fourth quarter, a slowdown from the third quarter’s increase of 3.5%.

One expert explained that the slowdown in income growth portrayed in the report could worsen the growing home affordability problem in the housing market, and even lock some potential homeowners out of the market.

Continued:

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