House affordability in the U.S. has reached its lowest point in 17 years, leaving many average owners finding it difficult to purchase a home.
A new report from Attom revealed that the cost of owning a home, including mortgage payments along with taxes and property insurance, made up approximately 35.1% of the average American's income during the second quarter. This figure represented a 32.1% increase from the previous year and is regarded as the highest in terms of housing cost since 2007.
