"Home affordability has been a sore subject for some time, as housing prices growth has far outpaced wage growth in recent years. With interest rates near highs not seen in decades, affordability has further worsened."
"In 22 states, the most affordable housing market does not adhere to the 28% mortgage rule, including 16 states where the most affordable housing market is less affordable than the national average."
"The good news is that in the past two quarters, home affordability has improved, according to ATTOM. The bad news is that affordability remains near the worst levels in 15 years as home prices stay close to all-time highs."
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