Study: Cost of home ownership highest since 2007

Owning a home is the least affordable it has been in nearly 2 decades, report says

Home prices continue to rise in the U.S. and a new report says home ownership is becoming the least affordable for many Americans in nearly 20 years.

Home Ownership Costs Highest in 17 Years, at Almost 35 Percent of Average Income: Report

Owning a home now takes more than a third of a person’s income, making the housing market “particularly challenging” for prospective buyers, according to real estate data curator ATTOM. In 99 percent of counties across the United States, the median price of single-family homes and condos remained “less affordable” in the second quarter, according to a July 3 ATTOM press release. The cost of owning such a property consumed 35.1 percent of the ave…

Home affordability just hit its lowest point since 2007: Here’s where buyers have it the worst

Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions.

Housing market trouble as 582 US counties now unaffordable

The worst markets were concentrated in the West and Northeast. Counties with the largest populations that were unaffordable between April and June were Los Angeles County, California; Cook County, Illinois; Maricopa County, Arizona; San Diego County, California; and Orange County, California.

Home Costs Are Likely Taking Up the Highest Portion of Your Paycheck Since 2007

Typical homeownership costs across the country consumed 35.1% of the average wage, according to a new report from real estate data firm ATTOM.

In 99% of the U.S., homes became less affordable this year. Here are the 7 places where they didn’t.

In 1.2% of U.S. counties, homes became more affordable over the second quarter of 2024 when compared with historical averages, Attom Data Solutions says