Tag: home affordability
Top 10 U.S. Counties Where Home Prices Are Rising Faster Than Wages
According to ATTOM’s just released Q3 2023 U.S. Home Affordability Report, median-priced single-family homes and condos are less affordable compared to historical averages in 99 percent of U.S. counties analyzed. ATTOM’s latest home affordability analysis noted that trend continues a two-year pattern of home ownership getting more and more... Read More »
Home Affordability Gets Even Tougher Across U.S. During Third Quarter As Home Prices And Mortgage Rates Rise Further
Major Home-Ownership Expenses Consume 35 Percent of Average Wage Nationwide, Reaching Another High Over the Past Decade; While Historic Affordability Drops to New Low IRVINE, Calif. – Sept. 28, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its third-quarter 2023 U.S. Home Affordability Report showing that... Read More »
Top 10 U.S. Counties With Highest Income Needed to Buy A Home
According to ATTOM’s just released Q2 2022 U.S. Home Affordability Report, affordability has worsened across the nation this quarter amid a renewed jump in home prices that has pushed the typical portion of average wages nationwide required for major home-ownership expenses up to 33 percent. ATTOM’s latest home affordability analysis found that... Read More »
Home Affordability Worsens Across U.S. During Second Quarter Of 2023 As Home Prices Tick Upwards
Major Home-Ownership Expenses Consume One-Third of Average Wage; Historic Affordability Hits Low Point Since 2007; Affordability Declines as Median Home Price Spikes 10 Percent IRVINE, Calif. – June 29, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Affordability Report... Read More »
Top 10 U.S. Counties with Largest Quarterly Decreases in Portion of Wages Needed for Homeownership
According to ATTOM’s Q1 2023 U.S. Home Affordability Report, median-priced single-family homes and condos are less affordable in Q1 2023 compared to historical averages in 94 percent of U.S. counties analyzed. That figure is far above the 62 percent of counties that were historically less affordable in Q1 2022. ATTOM’s latest home affordability... Read More »
Homeownership Slightly More Affordable In U.S. During First Quarter Of 2023 As Housing Market Remains Stalled
Portion of Average Wages Consumed by Major Home-Ownership Costs Ticks Down to 30 Percent; Affordability Improves as Nationwide Median Home Price Stays Flat; But Historic Affordability Still Weak Throughout U.S. IRVINE, Calif. – Mar. 30, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2023... Read More »