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Median home prices stayed more affordable than historic averages in the second quarter of 2020, according to a new ATTOM data solutions report.

The study found that 49% of single-family homes and condos in counties with enough data to analyze were more affordable than the historic average. This is up from 31% a year ago. ATTOM determined affordability by calculating the income needed to make monthly payments on a medium-priced home, accounting fora 3 percent down payment and a 28 percent maximum “front-end” debt-to-income ratio.

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Samantha Stokes

Samantha Stokes, based in New York, is a staff reporter at American Lawyer covering the business of law. You can reach her at [email protected] or on Twitter: @stokessamanthaj.

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