Housing Affordability Declines as Required Income for Mortgages Rises Sharply
The U.S. housing market has become increasingly unaffordable, with the required household income to qualify for a mortgage on a median-priced home rising by $15,600 from January to June 2026. The National Association of Realtors (NAR) reported that signed contracts fell sharply in June and builder confidence is at its lowest since 2012.
Topics: home prices housing affordability mortgage rates NAR data