NBC: Buying a Home Harder than It’s Been in a Decade, Average Home Unaffordable by Nearly $70K

EXCERPT:

CHEUNG: "The index accounts for factors like median home sale prices, which over the last year or up 6%. Mortgage rates also climbing around 7% for a 30-year fix, but also accounts for available inventory, still tight, but getting a little better, up almost 13% nationwide. The NBC News home buyer index grades the overall difficulty of home buying on a scale from zero to most difficult, 100. In April that measure was 82.4, near an all-time high. Translation: the average home, is almost $70,000 more than the average household can afford, households like the Belets."