Important Distinction: Homes Are Less Affordable, Not Unaffordable It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they have been historically. Today’s payment-to-income ratio is more affordable than the average over the last 25 years. Given that context, we can see that American households still have the same ability to be homeowners as their parents did 20 years ago. This confirms the recent analysis of ATTOM Data resources where Todd Teta, Chief Product and Technology Officer, explains, “The typical median-priced home around the U.S. remains affordable to workers earning an average wage, despite prices that... #Bgroup #Prescott #Realtor #Homes #Smart

Important Distinction: Homes Are Less Affordable, Not Unaffordable It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they have been historically. Today’s payment-to-income ratio is more affordable than the average over the last 25 years. Given that context, we can see that American households still have the same ability to be homeowners as their parents did 20 years ago. This confirms the recent analysis of ATTOM Data resources where Todd Teta, Chief Product and Technology Officer, explains, “The typical median-priced home around the U.S. remains affordable to workers earning an average wage, despite prices that... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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