Tag: home affordability
Home Affordability Worsens Across U.S. During Fourth Quarter of 2022 Despite Declining Home Prices
Major Home-Ownership Costs Consume 32 Percent of Average National Wage, Hitting 15-Year High; Portion of Wages Needed to Own Shoots Up as Rising Interest Rates Outweigh Falling Prices IRVINE, Calif. – Dec. 22, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its fourth-quarter 2022 U.S.... Read More »
Top 10 U.S. Housing Markets Most and Least Affordable in Q3 2022
ATTOM’s just released Q3 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos remain less affordable in Q3 2022 compared to historical averages in 99 percent of U.S. counties analyzed. The report notes that figure continues to be far above the 69 percent of counties that were historically less affordable in... Read More »
Homeownership Still Unaffordable Across Most of U.S. But Declining Home Prices May Provide Relief for Homebuyers
Major Home-Ownership Costs Require 30 Percent of Average National Wage in Third Quarter of 2022; But Portion of Wages Needed for Home Ownership Dips as Home Prices Decrease Quarterly, to $340,000; Historic Affordability Remains Worse Than Average Almost Everywhere Across Nation IRVINE, Calif. – Sept. 29, 2022 — ATTOM, a leading curator of real... Read More »
California, New Jersey and Illinois Again Dominate List of Vulnerable Housing Markets
Chicago and New York City Areas Remain Most Exposed to Potential Downturns in Second Quarter of 2022; Other More-At-Risk Markets Scattered Around Nation; Less Vulnerable Areas Spread Over South, Midwest and Northeast IRVINE, Calif. — Sept. 15, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today... Read More »
Top 10 Most Affordable U.S. Housing Markets in Q1 2022
According to ATTOM’s just released Q1 2022 U.S. Home Affordability Report, median-priced single-family homes are less affordable compared to historical averages in 79 percent of U.S. counties analyzed. The report noted that figure is up from just 38 percent of counties that were historically less affordable in Q1 2021, to the highest point since... Read More »
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 »