Homes Still at Unaffordable Highs Despite Settling Prices
Savings Corner
DECEMBER 23, 2023
Key Takeaways Home affordability is at its worst point since 2007, according to a measure from housing data provider ATTOM. This assumes a $67,000 down payment and a $268,000 loan, to allow wage earners not to spend more than 28% of their pay on mortgages, property taxes, and insurance. in the first quarter of 2021.
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