Home Price Gains Outpace Wage Growth In 72% Of U.S. Cities – but that doesn’t derail you as a homebuyer

 
 
Here's a rundown of what's in ATTOM's latest home affordability report for 2Q 2021:

- A majority of markets still require less than 28 percent of wages to buy a home

- Home prices up at least 10 percent in almost two-thirds of country

- Price gains outpace wage growth in almost three-quarters of markets

- Annual wages needed to afford median-priced home exceed $75,000 in less than 20 percent of markets

- Homeownership less affordable than historic averages in almost two-thirds of counties

- Roughly 40 percent of markets are more affordable than historic averages

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Home Price Gains Outpace Wage Growth In 72% Of U.S. Cities – but that doesn’t derail you as a homebuyer

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