ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many
Appraisal Buzz
APRIL 2, 2024
With mortgage rates tracking downward in recent months after rising last year, the portion of average local wages consumed by major expenses on median-priced, single-family homes and condos has decreased from the fourth quarter to the first quarter in 91.5% Home Affordability Report. However, it remained up annually in 90.3
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