Home Affordability Declines For Average Workers Across U.S. In Second Quarter As Prices Soar ...Middle East

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Home Affordability Declines For Average Workers Across U.S. In Second Quarter As Prices Soar
source : Thepintree.net ( Middle East ) () 5
Irvine, CA… ATTOM, curator of the nation’s premier property database, today released its second-quarter 2021 U.S. Home Affordability Report, showing that median home prices of single-family homes and condos in the second quarter of this year are less affordable than historical averages in 61 percent of counties across the nation with enough data to analyze. That was up from 48 percent of counties in the second quarter of 2020, to the highest point in two years, as home prices have increased faster than wages in much of the country. The report determined affordability for average wage earners by calculating the amount of income needed to meet monthly home ownership expenses — including mortg

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