“Affordability remains a hotly debated topic, especially when considering both rent affordability and mortgage affordability,” or so says Zillow. Mortgage rates may very well be on a slow ride northward, and Zillow may very well be correct that affordability has the potential to become a serious problem in some areas of the nation, especially if income cannot keep pace with inflation (which is hasn’t). So Zillow, which isn’t short of analysts judging by the content they churn out, has comprised a rent and mortgage affordability study; in it, you will find rent and mortgage affordability stats, as well as a mortgage affordability forecast for 289 metropolitan areas for the first quarter of the year. Comparing Mortgage and Rent Affordability in 2014.
Southwest Florida, Fort Myers, Naples
Jim Marcinkowski Photo