Report Says: 41% of Homes Not Affordable

So does that mean that 59% of homes are affordable? Since when are all price ranges of homes supposed to be affordable and the next question, affordable to whom?

If 59% of the home buyers in the market place have homes available to them that they can afford, that is a LOT of buyers. I just wonder how different these number would have been 10 or 20 years ago?

Over 50% of the preapprovals I have out right now are first time home buyers and each fit within the 59% of affordability. There are often folks that want to buy a home in a price range that they would not qualify, so it is my job to let them know what they would qualify for.

Getting prospective home buyers qualified is an exercise to insure that someone can afford the home they want to buy. I do not see a tendency for folks wanting to buy more than they can truly afford.