As Housing Prices Rise, Affordability Squeeze is Coming
SEATTLE, Aug. 12, 2021 /PRNewswire/ — Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are quickly evaporating as housing costs rise faster than incomes. A new Zillow® analysis finds these affordability1 issues are expected to worsen by the end of the year, and are likely to leave millions newly housing cost…
