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As Affordability Declines, Gen Z Wants to Buy

Median home prices of single-family homes and condos became less affordable than historical averages in 61% of counties across the nation.

By Les Shaver | June 25, 2021 at 07:00 AM

Home affordability continues to rise beyond the reach of more Americans as prices increase faster than wages.

In the second quarter, median home prices of single-family homes and condos became less affordable than historical averages in 61 percent of counties across the nation with enough data to analyze, according to ATTOM’s second-quarter 2021 US Home Affordability Report. The 61% mark was up from 48 percent of counties in the second quarter of 2020 to hit the highest point in two years.

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