What Is Housing Affordability? A Plain-English Guide for U.S. Households
What is housing affordability? It describes whether a household can pay for a place to live, by renting or buying, without sacrificing other basic needs. In October 2026, the 30-year fixed mortgage rate averages 7.40%, up from 6.27% a year ago. That jump has pushed the homebuying side of the equation in the wrong direction. … Read more