Housing affordability has generally worsened. Housing prices have risen relative to the prices of other goods and services. House prices have risen relative to income. But the mortgage payment required to buy the average house has fallen relative to income.

Housing affordability has worsened on the basis of all measures. 

Housing affordability has generally worsened. Housing prices have fallen relative to the prices of other goods and services. House prices have fallen relative to income. But the mortgage payment required to buy the average house has risen relative to income.

Housing affordability has generally improved. Housing prices have risen relative to the prices of other goods and services. House prices have risen relative to income. But the mortgage payment required to buy the average house has fallen relative to income.