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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.
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