Housing Affordability Challenges Strained 97% of U.S. Counties in Q2 2022

The housing affordability crisis is a mounting challenge that isn’t going away overnight. This, according to a recent report from ATTOM Data Solutions, is evident as factors like rising mortgage rates have exacerbated the challenge to record-level proportions. The organization released its second quarter 2022 U.S. Home Affordability Report on June 30. The report found that median-priced single-family homes and condos were less affordable in the second quarter of 2022 compared to historical averages in 97% of counties across the nation with enough data to analyze—up from 69% during the same period last year.

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