Fannie Mae-No Politics (FNMA)

[mikoli007]

This story is a bunch of crap!
"Rising interest rates and rising home prices put downward pressure on the affordability index, meaning homes are becoming less affordable. Rising incomes put upward pressure on the index, meaning homes are more affordable."
Uh no! Just because you can't buy a 2500sqft home with a 3 car garage on acre of land with very little down on an income you can't afford it on. Does not constitute a bubble.
People want fine wine on a beer budget.