The latest national index produced by First American reveals a concerning trend in the housing market, as housing affordability took a hit in March. This decline was observed both on a monthly and yearly basis, indicating a sustained challenge for potential homebuyers looking to enter the market.
Key points from the report include:
– Housing affordability decreased in March, posing challenges for prospective buyers
– The dip was noted on both a monthly and yearly basis, suggesting a long-term issue in the housing market
– The national index produced by First American provides valuable insights into the state of housing affordability across the country.
Overall, the findings from First American’s national index highlight the ongoing struggle for individuals and families seeking to achieve homeownership amidst changing market conditions. As housing affordability continues to be a pressing issue, industry experts will closely monitor trends and developments to assess the impact on the broader economy.
You can read this full article at: https://www.housingwire.com/articles/housing-affordability-dipped-in-march-first-american/(subscription required)
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