Housing Affordability Melts as Market Heats Up for Summer

Friday, July 11, 2025

As the summer housing market is heats up, it appears that affordability melted for many homebuyers in May, according to the latest National Association of Realtors®’ (NAR) Housing Affordability Index. NAR’s data saw the qualifying income needed to buy a home increase by 3.3% to $108,192 in May (based on a 25% qualifying ratio for…

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