Home affordability, June 2025
The affordability index for June, comparing typical family income with the amount needed to buy a median-priced home, improved slightly in June as income increased and mortgage rates dropped slightly compared with June 2024, according to a National Association of Realtors report. An index value below 100% is not affordable.
The affordability index, comparing typical family income to the amount needed to buy a median-priced home, improved slightly in June as income increased and mortgage rates dropped slightly compared to June 2024, according to a National Association of Realtors report. An index value below 100% is not affordable.
