The latest NAHB/Wells Fargo Cost of Housing Index shows that families earning the median income now spend 36% on mortgage payments for existing homes, up from 32% in early 2026, highlighting worsening housing affordability. This development underscores the need for prospective buyers to reassess their financial readiness and consider strategies like increasing income or reducing other expenses to manage housing costs effectively.
Read the full article at Realtor.com Blog
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