A consumer's ability to afford to purchase a home during the fourth quarter was at its lowest level in eight years due to rapid price appreciation, moderate wage growth and the post-election increase in interest rates, said Attom Data Solutions.

Nationally, the affordability index in the fourth quarter was 103, down from 108 in the third quarter and down from 116 a year ago to the lowest level since the fourth quarter of 2008, when the national home affordability index was 102.

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