Average Americans cannot afford to buy a home in a growing number of communities across the United States, according to a report released Thursday by real estate data provider ATTOM.
The report, CBS News noted, details how researchers analyzed 575 United States counties last year and found that 99 percent of those areas have home prices that are out of reach for “the average income earner” making $71,214 a year.
“Mortgage rates have topped 7%, adding hundreds of dollars per month to a potential house payment,” CBS News reported. “At the same time, homeowners who locked in at lower mortgage rates during the pandemic have opted not to sell out of fear of having to buy another property at today’s elevated rates, depleting the supply of homes for sale.”
Well maybe they should save money for a down payments instead of taking paycheck advances for short term money fixes.
you are clueless.
How do you save on $15 or maybe even $20 an hour 1:21 ? The deck is stacked against us. Apparently you haven’t noticed, PRICES HAVE SKYROCKETED IN EVERYTHING.
ALL Prices < Thanks to BIDEN are UN – AFFORDABLE !!!! Fake President / Fake Administration !!!!!!!!
Mortgage rates are pretty much now just at historically average levels. No complaints please.
We with good interest rates are STUCK were we live & cannot sell or move until Rates ever come down !!!!
Now HOA & Condo places are raising their Fees because they know we can’t leave !!!!!
What do you mean you can’t leave? You mean you signed up for fees and now you don’t like them? Anyone who buys a property subject to a HOA is foolish.