I don't have it handy at the moment, but apparently housing is still more affordable than in 2008. The key factor is that mortgage rates now are roughly half of what they were during the bubble, so a given monthly payment will buy more house today.
Depending on the local jurisdiction and price, this could mean that houses are 20% more affordable today than in 2008, modulo down payments.
Depending on the local jurisdiction and price, this could mean that houses are 20% more affordable today than in 2008, modulo down payments.