June 2019

Found 1 blog entry for June 2019.

Median priced homes not affordable in 74% of US housing markets

HomeMarket Update by Steve Randall28 Jun 2019 Median priced homes not affordable in 74% of US housing markets
  • America's housing market is booming with home prices nationwide now back to where they were a decade ago, just before the financial crisis

Average wage earners cannot afford a median priced home in 74% of 480 counties across the US.

The analysis of home affordability in the second quarter of 2019 by ATTOM Data Solutions shows that things are worsening in 40% of markets where median home prices are growing faster than wages.

"Despite falling mortgage rates and rising wages, the cost of owning the typical home remains out of reach or a significant financial stretch for the nation's average

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