Tag: home affordability
Home Ownership Slightly More Affordable Across U.S. in Third Quarter but Still Difficult for Average Workers
Major Home-Ownership Expenses Consume 34 Percent of National Average Wage; Portion Ticks Downward as Home-Price Spike Eases and Mortgage Rates Drop; Historical Affordability Also Inches Up While Remaining Weak IRVINE, Calif. – Sept. 26, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its... Read More »
Home Affordability Gets Tougher During Second Quarter Across U.S. As Prices Shoot Back Up
Major Home-Ownership Expenses Now Consume 35 Percent of Average Wage Nationwide; Portion Hits High Point in Over a Decade as Median Home Price Soars to Another Record IRVINE, Calif. – July 3, 2024 — ATTOM, a leading curator of land, property and real estate data, today released its second-quarter 2024 U.S. Home Affordability Report showing that... Read More »
Higher Risk of Housing Market Slowdown Continues in California, New Jersey, and Illinois
Metro Areas More Exposed to Market Downturns Again Led by New York City and Chicago; South and Midwest Regions Still Face Relatively Low Expose to Declines IRVINE, Calif. — June 13, 2024 —ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around... Read More »
Home Affordability Improves Slightly Across U.S. During First Quarter but Remains Difficult for Average Workers
Major Home-Ownership Expenses Require Smaller Portion of Wages for Second-Straight Quarter; Historical Affordability Also Inches Upward; But Both Measures Remain Near Worst Levels in 15 Years as Home Prices Stay Close to All-Time Highs IRVINE, Calif. – Mar. 28, 2024 — ATTOM, a leading curator of land, property, and real estate data, today... Read More »
Top 10 U.S. Counties With Highest Wages Needed to Buy A Home in Q4 2023
ATTOM’s just released Q4 2023 U.S. Home Affordability Report revealed that median-priced single-family homes and condos remain less affordable in Q4 2023 compared to historical averages in 99 percent of counties analyzed. According to ATTOM’s latest home affordability analysis, the most recent trend continues a pattern dating back to 2021 of home... Read More »
Home Affordability Remains Difficult Across U.S. During Fourth Quarter Even As Prices Dip Downward
Major Home-Ownership Expenses Again Require One-Third of Average Wage Nationwide, a 16-Year High; Historical Affordability Also Stays at Worst Point Since 2007; But Both Measures End Nearly Three-Year Slide Amid Mixed Trends in Home Prices and Mortgage Rates IRVINE, Calif. – Dec. 21, 2023 —ATTOM, a leading curator of land, property, and real... Read More »