A Decade in Housing Unaffordability: Mortgage Burden Worsens in 51 of 100 Largest U.S. Cities
Point2Homes
FEBRUARY 22, 2021
Newark, NJ is the only market to exit the unaffordability list: the city’s mortgage unaffordability rate decreased from 34% in 2010 to 27% 10 years later. Newark, N.J., The number of cities where mortgages alone take up more than 30% of homeowners’ income is 15 in 2020, up from 13 in 2010.
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