【World Property Journal】Home Affordability Issues in U.S. Contributes to Slower Job Growth, Says NAR

According to a new National Association of Realtors study, which examined the top 174 metro areas and ranked them based on affordability, U.S. metro areas where affordability has worsened over the last five years have seen a decline in job growth during that same period. NAR analyzed the shift in affordability ranking, considering the pace of non-farm payroll job growth in 2019 Q3 compared to average job growth from 2014 to 2018.

The NAR report, "Home Affordability Index Ranking and Payroll Job Growth," found that affordability rankings declined in 81 metro areas, 34 of which saw non-farm job growth fall faster in 2019 Q3 than the national rate over the previous five years.

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