Despite recent improvements in mortgage rates and softening home prices in parts of the country, home affordability remains well below historical averages in nearly every U.S. county.
In 99% of the 594 counties reviewed, median-priced single-family homes and condos remained less affordable than historical averages in the final quarter of last year, according to a report released Thursday by real estate data firm ATTOM.
The results, which cover counties with at least 100,000 residents and 50 or more home sales in the quarter, are similar to the prior two quarters, with national median home prices hovering around a record high of $365,000, as measured by ATTOM…