April 26, 2024 10:25 am
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Black Knight: Will home buying become unaffordable in two years?

-300x270Or maybe even less

By Brena Swanson | HousingWire

With the right economic conditions, in two years, home affordability could get close to the same level seen before the financial crisis, making it difficult for people to afford a home.

Black Knight Financial Services’ most recent Mortgage Monitor Report, which is based on data as of the end of December 2015, said that home prices have increased year-over-year for 43 consecutive months.

As a result, Black Knight revisited the question of home affordability in its new report.

Continued:

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