Boston condos

Boston condos

No kidding.

From the CNNMoney:

Stagnant incomes, higher home prices and climbing mortgage rates made affording a home a lot more difficult for the average homebuyer during the second quarter.

Of all homes sold between April and June, 69.3% were affordable to a family earning the median income of $64,400, according to an index compiled by the National Association of Home Builders (NAHB) and Wells Fargo. That’s down significantly from the first quarter, when 73.7% of homes sold were affordable and from late 2011, when affordability peaked at 78%.

Added bonus: ‘Young adults say it’s OK living with parents’

Do you think there’s a connection between the two stories? Do they have a choice?

File under: Making do

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Boston condos

Boston condos for sale

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Updated: January 2018

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