Housing Affordability Falls in May as Home Prices Rise Faster than Income
Good charts and data roundup from NAR research team on home affordability.
At the national level, housing affordability declined in May compared to a year ago, as the median family incomes rose modestly by 1.2% while the monthly mortgage payment increased 20%.
At the national level, housing affordability declined in May compared to a year ago, as the median family incomes rose modestly by 1.2% while the monthly mortgage payment increased 20%.
___
Check It Out:
– Housing Affordability Falls in May as Home Prices Rise Faster than Income