Interest rates

Latest Posts

Black Knight: U.S. housing affordability spikes in September

Oct 07, 2019By

Housing affordability has been trending below historical averages since 2012, even falling to a 10-year low in the summer of 2018. This general lack of affordability coupled with the nation’s lackluster inventory growth have left many potential buyers priced out of the market. Fortunately, as of September, the nation’s low interest rate environment has spurred significant growth in affordability as Black Knight claims that America’s national payment-to-income ratio fell to the second lowest within the last 20 months.