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Despite Falling Rates, 70% Of US Homes "Unaffordable" To Average American

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Despite Falling Rates, 70% Of US Homes "Unaffordable" To Average American

The general trend of torrid housing market growth fueled by low interest rates and a tight supply continued largely unchanged during the last quarter of the decade, as most expected it would. Though buyers who have struggled with highly unaffordable home prices in recent years did see a bit of a respite.

On Wednesday, Attom published its Q4 2019 report on home affordability in the US. The report showed that the dominant trend of the past few years was still very much in place. To wit, the median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486 - or 71% - of the counties analyzed in the report.

To be sure, some slight progress was made: the figure was down from 73% in the prior quarter, and 75% during Q4 2018.

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from The general trend of torrid housing market growth fueled by low interest rates and a tight supply continued largely unchanged during the last quarter of the decade, as most expected it would. Though buyers who have struggled with highly unaffordable home prices in recent years did see a bit of a respite.

On Wednesday, Attom published its Q4 2019 report on home affordability in the US. The report showed that the dominant trend of the past few years was still very much in place. To wit, the median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486 - or 71% - of the counties analyzed in the report.

To be sure, some slight progress was made: the figure was down from 73% in the prior quarter, and 75% during Q4 2018.

More
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