Rising home prices and elevated mortgage rates are proving a “toxic cocktail for homebuyers, pushing affordability down dramatically,” writes CNBC’s Diana Olick.

Only eight of the 25 largest housing markets are “affordable” for a median-income household, according a report from Interest.com cited by Olick. That’s reportedly down from 14 out of 25 markets last year.

Source: CNBC

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top