Despite Rising Prices, U.S. Homes Are Relatively Affordable

Relative to income or rent, it’s much more expensive to buy a home in Canada

Stephen Foerster

--

image of a house
Photo by Ralph Kelly on Unsplash

It’s a great time to be selling a home in the U.S. In 2021, home sales hit a 15-year high, up 8.5 percent from the previous year, to 6.12 million. The price of homes also grew at a record pace in the year ended August 2021, at almost 20…

--

--

Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)