I saw the headline and didn’t even bother to read it. The headline was enough for me to laugh.
To me the headline states the obvious. Prices were lower in the last quarter of 2007, compared to 2006. Furthermore interest rates were lower. Therefore, housing is more affordable than the previous year. I don’t see why this is controversial. This is what we have all been observing here. The article does not say that it won’t get more affordable in the future. Regardless of the flawed metric being used, homes are getting more affordable. Isn’t this what we expect ?
