U.S. home prices are the least affordable in nearly a decade. Affordability this quarter fell to the lowest since late 2008, Bloomberg reported. In May, the median price of a previously owned homes rose to a record $264,800. “Home price appreciation continued to outpace wage growth, speeding up the affordability treadmill for prospective homebuyers even without the rise in mortgage rates,” said Daren Blomquist, senior vice president at ATTOM. According to ATTOM data, average wage […]
source https://therealdeal.com/2018/06/21/why-its-so-hard-to-buy-a-house-right-now/
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