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Tag: home affordability

Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge

Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge

Portion of Wages Required for Homeownership Grows at Fastest Pace in More Than 15 Years; Historic Affordability Down in Almost 80 Percent of Markets as Median Home Price Hits $320,000 IRVINE, Calif. – Apr. 7, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its first-quarter 2022 U.S. Home... Read More »
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Top 10 U.S. Counties More Affordable Than Their Historic Averages

Top 10 U.S. Counties More Affordable Than Their Historic Averages

ATTOM’s just released Q4 2021 U.S. Home Affordability Report shows the latest pattern in home affordability – home prices still manageable, but getting less affordable – has resulted in major ownership costs on the typical home consuming 25.2 percent of the average national wage of $65,546. According to ATTOM’s latest home affordability analysis,... Read More »
Homeownership In U.S. Again Less Affordable In Fourth Quarter As Prices Keep Soaring

Homeownership In U.S. Again Less Affordable In Fourth Quarter As Prices Keep Soaring

Typical Home Remains Within Means of Average Wage Earner in Fourth Quarter of 2021; But Historic Affordability Down in Three-Quarters of U.S. Markets; National Median Home Price Hits $317,500, Another New High IRVINE, Calif. – Dec. 30, 2021 — ATTOM, curator of the nation’s premier property database, today released its fourth-quarter 2021 U.S.... Read More »
Top 10 U.S. Counties with Lowest Annual Wages Required to Afford Typical Home

Top 10 U.S. Counties with Lowest Annual Wages Required to Afford Typical Home

According to ATTOM’s just released Q3 2021 U.S. Home Affordability Report, median-priced single-family homes are less affordable in Q3 2021, compared to historical averages in 75 percent of the U.S. counties analyzed. The report noted that with home prices increasing faster than wages in much of the country, that figure is up from 56 percent in... Read More »
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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 »
Top 10 U.S. Counties Where Home Price Growth Is Outpacing Wage Growth

Top 10 U.S. Counties Where Home Price Growth Is Outpacing Wage Growth

ATTOM’s newly released Q2 2021 U.S. Home Affordability Report shows that median home prices of single-family homes and condos in Q2 2021 are less affordable than historical averages in 61 percent of the U.S. counties analyzed. The report noted that figure was up from 48 percent in Q2 2020, to the highest point in two years, as home prices have... Read More »

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