• Sign Up
  • Log In
Jerry Avila
Jerry Avila
(909) 908-9474jerryavila@allnationsontario.com
  • All Nations Ontario
  • Properties
    • Search for Homes
    • Featured Properties
    • Mortgage Calculator
  • Resources
    • Selling Steps
    • Buying Steps
    • Access Home Buying Process
    • Access Home Selling Process
  • Sell
  • Areas
    • San Bernardino County
    • Riverside County
    • Los Angeles County
    • Orange County
  • News
  • About
    • Meet Gerardo
    • Zillow Reviews
    • Testimonials
  • Contact
  • Jerry Avila(909) 908-9474
    jerryavila@allnationsontario.com
    Copy Email
  • Jerry Avila
    1757 South Euclid Ave.
    Ontario, California 91762
    (909) 908-9474
    jerryavila@allnationsontario.com

Properties

  • Featured Properties
  • Search For Homes
  • Sell
  • Mortgage Calculator

About

  • Home
  • Meet Jerry Avila
  • Contact
  • Testimonials
  • News

Areas

  • Fontana
  • Ontario
  • Upland

Resources

  • Access home buying Process
  • Access Home Selling Process
Jerry Avila - Footer Logo
  • Privacy
  • Terms
  • DMCA
  • Accessibility
  • Fair Housing
©2026 All Nations Realty Ontario. All rights reserved.
Website built by CloseHack.
California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Important Distinction: Homes Are Less Affordable, Not Unaffordable

Published 11/02/2021 | Posted by Gerardo "Jerry" Avila

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they are more affordable than they historically have been.

Black Knight, a premier provider of data and analytics for the mortgage industry, just released their latest Monthly Mortgage Monitor which includes a new analysis of the affordability situation. Here’s what the report reveals:

“The monthly payment required to purchase the average priced home with a 20% down 30-year fixed rate mortgage increased by nearly 20% (+$210) over the first nine months of 2021, . . . It now requires 21.6% of the median household income to make the monthly mortgage payment on the average home purchase, the least affordable housing has been since 30-year rates rose to nearly 5% back in late 2018.”

Basically, the report shows that homes are less affordable today than at any other time in the last three years. However, in a previous report earlier this year, Black Knight calculated that the percentage of the median household income to make the monthly mortgage payment on the average home purchase over the last 25 years was 23.6% (see graph below):

Important Distinction: Homes Are Less Affordable, Not Unaffordable | MyKCM

Today’s payment-to-income ratio is more affordable than the average over the last 25 years. Given that context, we can see that American households still have the same ability to be homeowners as their parents did 20 years ago.

This confirms the recent analysis of ATTOM Data resources where Todd Teta, Chief Product and Technology Officer, explains:

“The typical median-priced home around the U.S. remains affordable to workers earning an average wage, despite prices that keep going through the roof. Super-low interests and rising pay continue to be the main reasons why.”

Final Thoughts 

It’s true that it’s less affordable to buy a home today than it has been the last few years. However, it’s more affordable to buy today than the average over the last 25 years. In other words, homes are less affordable, but they’re not unaffordable. That’s an important distinction.

Related Articles

Keep reading other bits of knowledge from our team.

    Request Info

    Have a question about this article or want to learn more?