The Affordability of Housing is Decreasing We've all heard that home prices have been skyrocketing in recent months, but until recently, low mortgage rates and high incomes had done a lot to keep any real dips in affordability at bay. Unfortunately, those days have passed. Housing affordability is now lower than historical averages in 61 percent of U.S. counties, according to ATTOM Data Solutions....
There is no denying that throughout 2018, the housing market has its influxes and its downfalls. For most of the previous year, the housing market began with high pricing homes and low mortgage rates that reach historical levels. During the recent months, however, the price growth of homes began to fall down from their original percentage and the overall rates have increased to their maximum point in the...