Despite falling mortgage rates and rising wages, the latest ATTOM Data Solutions report shows that median-price homes are too expensive for the average earner in 74% of U.S. markets, up 3% from last quarter.
“However, a closer look at the data reveals milder-than-usual increases for the spring, and none as severe as in previous years since the recession,” Teta added. “Therefore, this can help indicate the market may be easing, following similar indicators from recent home-flipping and foreclosure data trends,” said Todd Teta, ATTOM’s chief product officer.
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