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Housing affordability hasn’t been this bad since Ronald Reagan was president. It now takes 35.51% of the median household income to make a principal and interest payment on the median home with ...
Not only is the number of first-time homebuyers at a record low, but home affordability is also the worst it’s been since the 1980s. And the long-term consequences can be grave. And the long ...
Affordability is being stymied for different reasons across different places, but the one region currently taking the crown as America’s most unaffordable housing market seems to be New York.
Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts, even as average home price rises ...
Housing affordability is a major problem in America. Home prices spiked during Covid-19 and then the Fed’s war on inflation sent mortgage rates surging. The one-two punch has made it a ...
According to the National Association of Realtors (NAR), the supply of homes for sale in the U.S., typically measured in months of housing supply, reached a record low of just 1.6 months in ...
On Monday, the average 30-year fixed mortgage rate reached 7.48%, marking the highest level since the year 2000. Even prior to this recent surge in mortgage rates, housing affordability, as ...
“We’re just coming through the worst housing affordability crisis we’ve ever seen in this country,” Shaun Donovan, former U.S. Secretary of Housing and Urban Development in the Obama era ...