U.S. Home Affordability Report (First-Quarter, 2022)(ATTOM)

Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge

ATTOM, a leading curator of real estate data nationwide for land and property data,  released its first-quarter 2022 U.S. Home Affordability Report

• "...median-priced single-family homes are less affordable in the first quarter compared to historical averages in 79 percent of counties across the nation..."
• "...up from just 38 percent of counties that were historically less affordable in the first quarter of 2021, to the highest point since mid-2008."
• "...home prices continued rising faster than wages in much of the country."

FULL ARTICLE:  https://www.attomdata.com/news/market-trends/home-sales-prices/attom-q1-2022-u-s-home-affordability-report/