Home Affordability Report Shows Increased Pressure for Affordable Housing
Pro Builder
JANUARY 21, 2022
In the first quarter of 2015, homebuyers on average needed just 18.4% in the fourth quarter 2021, continuing an upward trajectory that inches closer and closer to the “unaffordable” designation at 28%—which is often the tipping point for when lenders become reluctant to issue a mortgage loan. Home Affordability Report.
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