Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021 Housing Affordability Drops as Mortgage Payments Spike Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. By: Michael Hyman Powered by WPeMatico Michael Crist2022-07-16T03:05:21-05:00July 16th, 2022|NAR| Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInTumblrPinterestVkEmail Related Posts March 2024 Existing-Home Sales Pace Sluggish March 2024 Existing-Home Sales Pace Sluggish 5 Trendy Ways to Add More Color to the Bathroom 5 Trendy Ways to Add More Color to the Bathroom 4 Modern Outdoor Styles You’ll Envy 4 Modern Outdoor Styles You’ll Envy Housing Affordability Weakened in February 2024 Housing Affordability Weakened in February 2024 Instant Reaction: Mortgage Rates, April 18, 2024 Instant Reaction: Mortgage Rates, April 18, 2024