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Denver area's latest home affordability ranking looks dreary

The study's findings aren't a surprise: In December, another study indicated that Denver housing was "severely unaffordable."
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Denver Business Journal — The Denver area has nearly the lowest home affordability in the country, according to a new study.

Only one county in Michigan has a lower home affordability index, according to the second-quarter Attom Data Solutions 2018 U.S. Home Affordability Report.

Attom said its "affordability index (is) based on percentage of income needed to buy a median-priced home relative to historic averages, with an index above 100 indicating median home prices are more affordable than the historic average, and an index below 100 indicating median home prices are less affordable than the historic average."

In the latest report, counties with the lowest home affordability indexes nationally were Genesee County (Flint), Michigan (70); Denver County (72); and Adams County (73).

Read more at the Denver Business Journal: https://bit.ly/2tkNRvd

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