Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

California Leads in Least Affordable Housing Markets

Rising mortgage rates, high inflation, low existing inventory, and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in Q2 of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of …

The post California Leads in Least Affordable Housing Markets appeared first on DSNews.

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