Home Affordability: A Growing Gap

The National Association of Realtors and Realtor.com report reveals a significant disconnect between home prices and affordability, with only 23% of homes for sale under $261,000 accessible to middle-income families earning $75,000 annually. The Listing-Income Alignment Score stands at 74.9% nationally, up from last year but still below pre-pandemic levels. Experts emphasize the need for homes at affordable price points, not just increased supply, for a balanced market. The biggest improvements in alignment occurred in areas with substantial price increases during the pandemic, while Madison, Wisconsin, saw a decline in affordability. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/64d35ea81296c058