Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately.
Source: Inman News
Home affordability erodes at fastest annual pace since 2004
Published in Banking & Lending, First American Financial Corp., home market, home prices, income, mark fleming, Markets & Economy, Mortgage, mortgage rates, News Brief, Real House Price Index, Select and wages
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