Homeownership remains a financial strain for average Americans, with major housing expenses consuming one-third of the average national wage in the first quarter of 2025, according to ATTOM’s latest U.S. Home Affordability Report.
Despite a slight dip in median home prices to $351,000, affordability remains near historic lows across most of the country, reported ATTOM, a curator of land, property data, and real estate analytics.
The report found that 97% of counties analyzed were less affordable than their historical averages, continuing a trend that has plagued the housing market for the past three years. The burden is particularly evident in major markets like Los Angeles, Miami-Dade, and Phoenix, where mortgage rates hovering around 7% are exacerbating the issue. CLICK THE LINK TO READ THE WHOLE ARTICLE. https://nationalmortgageprofessional.com/news/home-affordability-holding-pattern-housing-costs-outpace-wages
