Homes Becomes Less And Less Affordable
The National Association of Home Builders (NAHB) has released their 2022 “Priced-Out” estimates. What it shows is that an increasingly high number of households are priced out of the housing market and current trends are making that worse. According to the report, the median home now costs $412,505. If that price goes up by only $1000, that would price 117,932 households out of the market. * The report also estimates that a quarter-point increase (which […]