Markets & Economy

Home affordability plummets 21 percent in one year

Costs becoming 'dangerously disconnected' from incomes
Published on Feb 20, 2014

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by CareyBot

Many real estate analysts say that increases in home prices and mortgage rates have started to slow the housing recovery. Now RealtyTrac has put a number on the toll those changes have taken on affordability. And it’s not pretty. Twenty-one ...