Home Prices Outpace Income, Dropping Housing Affordability Rates
Pro Builder
JULY 12, 2021
Home Prices Outpace Income, Dropping Housing Affordability Rates. Monthly mortgage payments increased by 20% in May as family incomes increased by a comparatively meager 1.2%, according to the National Association of Realtors’ Housing Affordability Index. compared to May 2020. compared to May 2020. cbroderick.
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