Housing affordability falls to more than 10-year low

Econ & Housing, The Daily Buzz

istock.com/SDI Productions WASHINGTON — Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012 as rising mortgage rates, ongoing building material supply chain disruptions, high inflation and elevated home prices pushed the housing market into a recession. And with mortgage rates…

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