U.S. Markets open in 1 hr 42 mins

Housing affordability in America is its worst in nearly a decade, and there's one clear culprit

Business Insider
Housing affordability in America is its worst in nearly a decade, and there's one clear culprit

Housing in the US has not been this unaffordable since property values were in free fall 10 years ago. In the first quarter, affordability as measured by the average share of income needed to buy a median-priced house was at its worst since the third quarter of 2008, according to Attom Data Solutions