Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021 Housing Affordability Drops as Mortgage Payments Spike Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. By: Michael Hyman Powered by WPeMatico Michael Crist2022-07-16T03:05:21-05:00July 16th, 2022|NAR| Share This Story, Choose Your Platform! FacebookXRedditLinkedInTumblrPinterestVkEmail Related Posts 6 Common Furniture Mistakes to Avoid 6 Common Furniture Mistakes to Avoid Homes And Hurdles: Analyzing The Journey of Single Female Home Buyers Homes And Hurdles: Analyzing The Journey of Single Female Home Buyers Instant Reaction: Mortgage Rates, July 11, 2024 Instant Reaction: Mortgage Rates, July 11, 2024 Smart-Home Tech Can Help Achieve ‘Toothbrush-Ready’ Status Smart-Home Tech Can Help Achieve ‘Toothbrush-Ready’ Status Generative AI Is Your Ally for Smart Staging, Faster Deals Generative AI Is Your Ally for Smart Staging, Faster Deals