Worsening Affordability Reaches 8-Year Low

Housing affordability worsened in the first quarter of 2017, with 95 out of the 379 counties analyzed in the ATTOM Data Solutions Q1 2017 U.S. Home Affordability Index below “normal” affordability levels.
On a national scale, the Index was 103—an eight-year low. An Index reading below 100 indicates the amount of wages needed to afford a median-priced home is above the historic average for the market in question.
Wages, still, have improved in some markets. In 53 percent of the