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Homes Now Unaffordable for Average Americans in Over 75 Percent of Counties

Inflation has pushed house prices beyond the reach of the average-earning American in over 75 percent of U.S. counties where data was available.
Homes Now Unaffordable for Average Americans in Over 75 Percent of Counties
A house is for sale in Arlington, Va., July 13, 2023. Saul Loeb/AFP via Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

As home prices and mortgage rates have risen further amid the current high-inflation landscape, home affordability in America has sunk to a new low.

A recent report from real estate data provider ATTOM indicates that home ownership has become unaffordable to average wage earners in over 75 percent of U.S. counties for which data was available.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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