Affordability

Renting a Home More Affordable Than Buying in 59 Percent of U.S. Housing Markets

Renting a Home More Affordable Than Buying in 59 Percent of U.S. Housing Markets

Home Prices Outpacing Wages in 80 Percent of the U.S. Housing Markets IRVINE, Calif. – Jan. 10, 2019 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its 2019 Rental Affordability Report, which shows that renting a three-bedroom property is more affordable than buying a median-priced home in 442 of 755… Read More »

U.S. Home Affordability Drops to More Than 10-Year Low in Q4 2018

U.S. Home Affordability Drops to More Than 10-Year Low in Q4 2018

But Affordability Improves From Previous Quarter in 58 Percent of Local Housing Markets; Wage Growth Outpacing Home Price Growth in 22 Percent of Markets, Including San Diego, Brooklyn, Seattle, San Jose and Manhattan IRVINE, Calif. – Dec. 20, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q4 2018 U.S…. Read More »

Americans Departing High-Priced Housing Markets for More Affordable Alternatives (Infographic)

Americans Departing High-Priced Housing Markets for More Affordable Alternatives (Infographic)

Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties (68 percent) analyzed in the most recent home affordability report from ATTOM Data Solutions, and on average across those 446 counties an average wage earner would need to spend 37.2 percent of his or her wages… Read More »

The Promise and Pitfalls of ADUs as Affordable Housing Panacea

The Promise and Pitfalls of ADUs as Affordable Housing Panacea

A paucity of affordable housing that threatens to inflame a burgeoning homelessness crisis and trigger an exodus of well-paying jobs is forcing local governments to consider creative solutions to this intractable problem. One such solution is to streamline the development of accessory dwelling units (ADUs) in the hopes that real estate developers and single-family homeowners… Read More »

Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets

Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets

73 Percent of Markets Less Affordable Than a Year Ago; Eight of 10 Highest-Priced Counties Post Negative Net Migration in 2017 IRVINE, Calif. – March 29, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Home Affordability Report, which shows that median home prices in Q1… Read More »

Buying a Home More Affordable Than Renting in 54 Percent of U.S. Markets

Buying a Home More Affordable Than Renting in 54 Percent of U.S. Markets

But 64 Percent of Population Live in Markets More Affordable to Rent Than Buy; Least Affordable Rental Markets Led by Counties in Northern California, DC, Brooklyn; Most Affordable Rental Markets in Alabama, Illinois, Ohio, Tennessee IRVINE, Calif. – Jan. 11, 2018 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released… Read More »

Home Affordability Improves in 60 Percent of U.S. Markets in Q3 2017 Compared to Previous Quarter

Home Affordability Improves in 60 Percent of U.S. Markets in Q3 2017 Compared to Previous Quarter

Affordability Still Worsens From a Year Ago in 79 Percent of Local Markets; Wage Growth Outpaces Home Price Growth in 48 Percent of Markets Over Past Year; U.S. Home Prices Up 73 Percent, Wages Up 13 Percent Since Q1 2012 IRVINE, Calif. – Oct. 5, 2017 — ATTOM Data Solutions, curator of the nation’s largest… Read More »

Shared Equity: Starter Homes for the Next Generation

Shared Equity: Starter Homes for the Next Generation

It might seem like a strange idea but buried in an old piece of legislation designed to help coal miners is a magical key which can potentially open the ownership door for millions of new homebuyers. The idea is called “shared equity” and there’s reason to think that its time has come. More than 16… Read More »

Colorado Springs the Top Market for Homebuyers Likely to Move in Q3 2017 According to ATTOM Data Solutions Pre-Mover Index

Colorado Springs the Top Market for Homebuyers Likely to Move in Q3 2017 According to ATTOM Data Solutions Pre-Mover Index

Other Hot Pre-Mover Markets Include Chicago, DC, Reno, Tampa, Jacksonville, Charleston; Top Investor Pre-Mover Markets Include Counties in Memphis, Kansas City, Birmingham IRVINE, Calif. – Aug. 24, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 Pre-Mover Housing Index, which shows that the markets with the… Read More »