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Housing affordability hits another low: report

Por: The Hill Politics July 05, 2023

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Nationwide home affordability declined again in the second quarter of the year as rising prices pushed up the wages necessary to afford a home, according to a new report.  Major homeownership expenses last quarter now require about 33 percent of a family’s monthly income, from nationwide property data provider ATTOM showed.   moved up slightly to 6.71 percent, according to Freddie Mac. “Mortgage rates have hovered in the 6 [percent] to 7... + full article



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