Tight credit, high rates and low inventory add to buyers’ affordability struggles
Housing Wire
JUNE 5, 2023
of the median household income to make principal and interest (P&I) payments on the median-priced home purchased with 20% down and a 30-year fixed-rate mortgage. In turn, the 100 largest U.S. markets are now less affordable than the long-term average. It now takes 34.2%
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