Rising mortgage rates push affordability to historic lows
Floor Covering News
NOVEMBER 15, 2023
Indianapolis-Carmel-Anderson, Ind. For the 12th straight quarter, Los Angeles-Long Beach-Glendale, Calif., There, 79.8% of all new and existing homes sold in the third quarter were affordable to families earning the area’s median income of $97,800. Top five affordable major housing markets: Lansing-East Lansing, Mich.
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