Housing Affordability Conditions Take a Hit in March

At the national level, housing affordability declined in March compared to the previous month according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 9.7% while the median family income increased by 1.1%. Compared to one year ago, affordability declined in March as the monthly mortgage payment climbedContinue reading “Housing Affordability Conditions Take a Hit in March”