The American dream of owning a home continues to become more of a pipedream, according to new data from two sources. But bad news on that front might be good news in multifamily, single-family rental, and build-to-rent.

According to the National Association of Realtors and its Housing Affordability Index, housing affordability fell month over month in January. Compared to December, monthly mortgage payments increased by 3.4% while median family income was up only 0.5%.

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