In 2019, the median home in 94% of counties was affordable to a median-income family. Today, that # has shrunk to 63%.
How did we get here? It goes beyond price... ๐งต(1/N)
The gap between what buyers make and what they can afford is near a 10-year high, as experts say the housing market is inaccessible to many. @NBCNews@certainforest
https://t.co/Fz81smik6t
@GivingTools@JoeMurph Hi David, "affordable" is (conservatively) defined as a situation where a household's monthly payments are <= 30% of its pre-tax monthly income.
In 2019, the median home in 94% of counties was affordable to a median-income family. Today, that # has shrunk to 63%.
How did we get here? It goes beyond price... ๐งต(1/N)
The one thing Susy loved more than journalism was her boys. When she wasnโt chasing a story, you could find her most weekends cheering from the stands at their baseball games or soccer matches.
Please consider chipping in a donation to aid their future. https://t.co/sD78gDcNql
Home prices, interest rates, availability and more factor into the new NBC News Home Buyer Index, which gauges how difficult it is to buy a home where you live.
@bcheungz reports on the effort to better capture housing market shifts at the local level.
https://t.co/ZtkyZg91mW
coming up on NBC Nightly News: we unveil our Home Buying Index, measuring factors like affordability and scarcity. built by the genius team of @joemurph@certainforest@seenigel@carman_copy@jiachuanwu https://t.co/8CdREKzXFB
Use it to see what conditions are like across the country AND within your county.
It'll update monthly so you get a timely picture of where things are heading.
Today's market is one head fake after the next. We hope this makes things a little easier. ๐ ๐ซ
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