EconomyNew This WeekNewsletter

Housing Affordability Continues to Plummet

Housing affordability remains a challenge regardless of home price growth decelerating. According to Mortgage Professional America, less than half (42.8%) of new and existing homes sold during the quarter were affordable to families earning the US median income of $90,000. This is a sharp drop from the 56.9% of homes sold in the first quarter that were affordable to median-income earners

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