Posts from June 23rd, 2021

The real estate market is soaring today. Residential home values are rising, and that's a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that's expected to head toward similar levels this year.

However, skyrocketing prices are causing some to start questioning affordability in the current housing market. Many are quick to emphasize the fact that homes today are less affordable than they were last year. Black Knight, a leading provider of data and analytics across the homeownership life cycle, just reported on the issue.

The findings show the historical averages of the national payment to income ratio, which they define as "the share of the median income needed to make the monthly payments on the median-priced home." Their study reveals:

• The average over the last 25 years w...

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