Housing Affordability Slips on Higher Rates
Housing affordability declines as mortgage rates rise, construction costs increase, and economic...
Housing Affordability Slips on Higher Rates
H ousing Affordability Slips on Higher Rates Housing affordability took a step backwards in the second quarter, with higher mortgage rates, rising construction costs, and economic uncertainty making homeownership more challenging, according to the National Association of Home Builders...
(NAHB) and Wells Fargo. Rising Costs Push Affordability Down A family earning the national median income of $106,800 needed 34% of its income to cover the mortgage payment on a median-priced new home in the second quarter, up from 32%...





