Housing Affordability Advances as Incomes Rise

At the national level, housing affordability increased in Jan. 2021 compared to a year ago according to the National Association of REALTORS®’s Housing Affordability Index. Affordability increased in Jan. compared to Dec. as the median family income jumped by 9.4% while the monthly mortgage payment only increased 1.8% from one year ago due to lower mortgage rates.

Published by Sean Vann, Realtor

Compass Realtor in DC, MD, and VA. Partner at The Rockwell Group, a Washingtonian 2020 Top Producer real estate team with $500MM+ in career sales.

Leave a Reply

%d bloggers like this: