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In the fourth quarter of 2018, the median home price reached the least affordable level since the third quarter of 2008, according to

ATTOM Data Solutions.

ATTOM’s Home Affordability Report revealed that the home affordability index fell from 94 in Q3 to 91 in Q4, marking the second lowest reading since Q3 of 2008 when affordability fell to 87.

“While poor home affordability continues to cloud the U.S. housing market, there are silver linings in the local data as home price appreciation falls more in line with wage growth,” ATTOM Data Solutions Senior Vice President Daren Blomquist said. “Affordability improved from the previous quarter in more than half of all local markets, and one in five local markets saw annual wage growth outpace annual home price appreciation, including high-priced areas such as San Diego, Brooklyn and Seattle.”

According…