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Black Knight: Housing affordability strong despite rising prices

Posted by   /  November 8, 2017  /  No Comments

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Market grows more affordable since July

HousingWire

Home prices continue to increase, yet affordability actually improved since July, according to the latest Mortgage Monitor report from Black Knight.

As of September, the average homeowner needed 21.4% of their median income to purchase a home. This is actually down from July’s post-recession peak of 21.7% and low by historical standards.

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