Browsing Posts In: Affordability

April 17, 2017 Posted by: Michael Hyman, Research Data Specialist

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.43 percent this February, up compared to 4.04 a year ago. Housing affordability declined from a year ago in February moving the index down 8.7 percent from 175.9 to 160.6. The median sales price […]

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February 21, 2017 Posted by: Michael Hyman, Research Data Specialist

The National Association of Realtors quarterly home prices increased again this quarter. With inventory, being an issue in certain metro markets affordability may become a challenge for potential homebuyers. Here is a look at the metro areas for the top five most and least affordable of the fourth quarter 2016 as well as a look […]

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Posted by: Michael Hyman, Research Data Specialist

The National Association of Realtors quarterly home prices increased again this quarter. With inventory, being an issue in certain metro markets affordability may become a challenge for potential homebuyers. Here is a look at the metro areas for the top five most and least affordable of the fourth quarter 2016 as well as a look […]

... Read More

February 16, 2017 Posted by: Danielle Hale, Director of Housing Statistics

Because housing is a big part of many Americans’ financial wellbeing the ability to access homeownership – housing affordability – is an important topic. The National Association of REALTORS® (NAR) Housing Affordability Index is a great way to simply understand how affordable the housing market is or isn’t for the typical home buyer and how […]

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February 14, 2017 Posted by: Amanda Riggs

NAR released a new Aspiring Home Buyers Profile that captures the consumer sentiment of the housing market for non-homeowners—defined as those that rent and those that live with someone else (such as family and friends) rent-free. The report is aptly named, for nearly nine in 10 non-homeowners expressed the desire to own a home of […]

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December 13, 2016 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The inventory of homes for sale continues to shrink. There were 2.02 million homes listed for sale at the end of October, representing only 4.3 months’ supply. A balanced market would be closer to 6-to-7 months’ supply.  From a year ago, the raw inventory count was down 4%, which marked nearly two straight years of […]

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Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The inventory of homes for sale continues to shrink. There were 2.02 million homes listed for sale at the end of October, representing only 4.3 months’ supply. A balanced market would be closer to 6-to-7 months’ supply.  From a year ago, the raw inventory count was down 4%, which marked nearly two straight years of […]

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October 14, 2014 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Home prices have rebounded nicely with the latest median home price on a single-family home at $220,600 in the U.S., up from around $160,000 just few years ago. Such a robust price gain from the trough would imply less affordable conditions.  But data is says home buying is still attractive because price gains have been […]

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June 20, 2014 Posted by: Meredith Dunn, Research Communications Manager

NAR Research, in conjunction with REALTOR® University, is pleased to present a free learning resource for REALTORS® and life-long learners alike.  The REALTOR® University Speaker Series is a luncheon lecture series that is open to students, members, and the public.  Each month, an expert on housing or the economy is invited to speak at the […]

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August 27, 2013 Posted by: scott

Affordability has a strong impact on homeownership.  Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices.  Washington, DC has the lowest homeownership rate at 45.3%.   At the opposite end of the spectrum, West Virginia, New Hampshire, Michigan, and Maine have among the highest […]

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