In the most recent Home Affordability Report from ATTOM Data Solutions, homes were less affordable in nearly two-thirds of U.S. counties in the third quarter of 2020 compared to historical averages. The report calculates the amount of income an average wage earner spends on monthly house payments for a median-priced home. The report notes that 308 of the 487 counties analyzed are now less affordable compared to historical averages, with mortgage payments claiming a higher percentage of earnings. This reflects widespread employment challenges related to COVID-19 while single-family home prices continue to rise nationwide. Local statistics closely mirror the national trend, with housing
now less affordable in seven out of ten Front Range counties.
