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Axios
Axios
Business

Housing affordability collapses at fastest clip on record

Inflation Pandemic
Data: FactSet; Chart: Erin Davis/Axios Visuals

Surging home prices and mortgage rates cut housing affordability by 29% over the last year, as measured by the National Association of Realtors.

  • It's the sharpest year-over-year decline in affordability on record.
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