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Jaxx Fox has lived in East Tennessee her entire life, although she never felt at home inside the apartments she rented. That s why, three years ago, Fox decided to buckle down to save for her own home.
The organization s Housing Affordability Index indicates the short supply of homes is increasing costs across the country, and especially impacts first-time buyers.
Median family incomes in April fell 1.0% from March. Meanwhile, the monthly mortgage payment increased 16.1%.
Fox spent three years paying her student loans and saving so she could buy the home she always wanted. When she started searching, it wasn t like anything she expected.