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Tag: historic affordability

Rising Prices and Mortgage Rates Make Homeownership Unaffordable Across Most of the U.S.

Rising Prices and Mortgage Rates Make Homeownership Unaffordable Across Most of the U.S.

Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home Ownership Rises at Fastest Pace This Century; Historic Affordability Plummets to 15-Year Low as Median Home Price Hits $349,000 and Mortgage Rates Top 5 percent IRVINE, Calif. – June 30, 2022 — ATTOM, a... Read More »
Home Affordability Slips Again for Average Workers Across U.S. in Third Quarter Amid Ongoing Price Runup

Home Affordability Slips Again for Average Workers Across U.S. in Third Quarter Amid Ongoing Price Runup

Typical Home Still Within Means of Average Wage Earner in Third Quarter of 2021; But Historic Affordability Drops in Three-Quarters of U.S. Housing Markets; National Median Home Price Rises 18 Percent to Another New High IRVINE, Calif. – Sept. 23, 2021 — ATTOM, curator of the nation’s premier property database, today released its third-quarter... Read More »
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Top 10 U.S. Counties Where Homebuying is Most Affordable

Top 10 U.S. Counties Where Homebuying is Most Affordable

According to ATTOM Data Solutions’ Q1 2020 U.S. Home Affordability Report released this week, median home prices are unaffordable for average wage earners in 66 percent or 319 of 483 of the U.S. counties analyzed. That figure is down from 70.4 percent in Q4 2019 and 69.8 percent from Q1 2019. However, the report also shows that owning a... Read More »