Housing affordability worsened slightly in October, according to the latest National Association of REALTORS®’ (NAR) Housing Affordability Index, and the qualifying income to afford a median-priced home rose above $100,000 again after briefly dipping below that benchmark. After the index fell sharply during the summer as mortgage rates climbed above 7% and home prices continued…
The post Affordability Dips, With Qualifying Income Back Above $100,000 appeared first on RISMedia.