Housing affordability drops to 15-year low: Zillow – Robert Khodadadian

The aughts are back in style, with early-2000s inspiration trending in fashion, music and mortgage costs. Housing affordability last month reached its lowest point since at least 2007, according to a recent report from Zillow. That’s as far back as the company’s affordability metric goes. Housing prices continued their rise, though the growth acceleration finally showed signs of slowing last month. Meanwhile, mortgage rates and payments continue to balloon, while inventory is not recovering quickly

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential real estate, Home sales, Housing Market, inventory, Mortgages, Zillow The Real Deal New York Read More