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economy
Notable (6/10)
July 17, 2026 at 01:20 PM
economy
Notable (6/10)
July 17, 2026 at 01:20 PM
Homebuyer Affordability Fell for a Fifth Straight Month in June, NAR Data Shows
You now need $109,152 in income to qualify for a median-priced home, according to the National Association of Realtors. Prices climbed and mortgage rates stayed elevated after the Iran war spooked markets, but the math is actually a hair better than a year ago.
Buying a house isn't getting easier. It's just getting slightly less bad than it was a year ago, and that's about the nicest thing anyone can say about it right now.
The National Association of Realtors' housing affordability index dropped in June for the fifth month in a row, according to CNBC's review of the data. To qualify for a mortgage on the median-priced single-family home, $446,400, at the average 30-year fixed rate of 6.57%, a bu
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