{"id":11540,"date":"2024-11-13T11:00:33","date_gmt":"2024-11-13T16:00:33","guid":{"rendered":"https:\/\/www.realtyhop.com\/blog\/?p=11540"},"modified":"2024-11-13T09:59:17","modified_gmt":"2024-11-13T14:59:17","slug":"affordability-index-november-2024","status":"publish","type":"post","link":"https:\/\/www.realtyhop.com\/blog\/affordability-index-november-2024\/","title":{"rendered":"RealtyHop Housing Affordability Index: November 2024"},"content":{"rendered":"

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\nIn this November edition of the RealtyHop Housing Affordability Index, we examine what American households across the 100 largest cities need to spend on housing to find out:<\/span><\/p>\n

Is homeownership affordable or possible for the average American family?<\/span><\/i><\/p><\/blockquote>\n

Homeownership remains expensive for most prospective buyers nationwide. While home prices decreased across a majority of cities this month, the overall cost of owning a home is still unreachable for many households. As the Fed continues to cut interest rates, mortgage interest rates still sit near 7%. Those looking to buy a home will likely not see prices or interest rates drastically cool in the near future. <\/span><\/p>\n

Key Findings<\/b><\/h2>\n