Housing affordability has hit its lowest level since 1984 as prices remain high despite soaring interest rates.Median monthly mortgage payments rose $144 in October to more than $2,500 for the first time, according to the November 2023 .It now takes around 41 percent of the median household income to cover monthly principal and interest payments - for the past 35 years it has averaged less than 25 percent, ICE noted.
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