Housing Affordability Is Worsening in Most Counties Across the U.S.
Pro Builder
MAY 12, 2022
Rising mortgage rates and idle household incomes are hurting prospective homebuyers across the U.S. The portion of wages required to buy a home grew at its fastest pace in over 15 years between the first quarter of 2021 and the first quarter of 2022, but the average household income isn’t rising quickly enough to offset higher home prices.
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