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Buying a home is getting harder, and the slide is not letting up.
A real estate index shows homebuyer affordability has declined for the fifth consecutive month, with both home prices and mortgage rates climbing since earlier this year.
Two cost pressures moving in the same direction at the same time is the condition that tends to lock buyers out longest.
What the index is measuring A housing affordability index tracks whether a typical buyer can qualify for and carry a mortgage on a median-priced home.
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