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The Unaffordable Housing Market: Where to Buy a Home for Under $150K.

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Source: Markets Insider
The Unaffordable Housing Market: Where to Buy a Home for Under $150K.
Photo: Markets Insider
TL;DR

The Mortgage Bankers Association's Purchase Applications Payment Index hit a record high, indicating declining affordability for new home buyers in the US. The national median mortgage payment was $2,112 in April, up from $2,093 the prior month. The PAPI gauge saw the highest readings in Idaho, Nevada, Arizona, Florida, and California. Only St. Louis, Detroit, Chicago, and Baltimore qualify as "affordable" out of the 25 largest cities, according to Goldman's Housing Affordability Indices.

Topics:top-newsreal-estate#affordability#housing-market#interest-rates#inventory#mortgage-bankers-association#real-estate
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  1. The housing market has never been this unaffordable for new buyers  Markets Insider
  2. The typical renter can only afford to buy a home in four cities. Here's where they are.  CBS News
  3. The Best US States To Become A Homeowner For Under $150000  KTBS
  4. Why it's cheaper to buy a home than rent in Philadelphia  WPVI-TV
  5. Home buyers are facing the least affordable market on record  Business Insider

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