Categories: Good To KnowPublished On: May 28th, 2024

Article Categories

Share

Families Must Spend 38% of Their Income on Mortgage Payments, New Index States

National Association of Home Builders (NAHB) and Wells Fargo have released a new quarterly Cost of Housing Index that underscores the housing affordability crisis in America. The report revealed that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the…

The post Families Must Spend 38% of Their Income on Mortgage Payments, New Index States appeared first on RISMedia.

STAY IN THE LOOP

Subscribe to my free newsletter.