Tag: home affordability
Homeownership Remains Affordable for Average Workers Across Majority of U.S. Despite Price Spikes
Average Wage Above Level Needed To Afford Typical Home in First Quarter of 2021; Historic Affordability Improved in First Quarter In About Half of U.S. Housing Markets; National Median Home Price Up 18 Percent Over First Quarter of 2020 IRVINE, Calif. – Apr. 1, 2021 — ATTOM Data Solutions, curator of the nation’s premier property database, today... Read More »
Homeownership Slips Into Unaffordable Territory Across Majority of U.S. in Fourth Quarter of 2020
Average Wage Below Level Needed To Afford Typical Home in the U.S.; Affordability Worsened in Fourth Quarter in 55 Percent of Housing Markets; Median Home Prices Up At Least 10 Percent in Most of Nation IRVINE, Calif. – Dec. 31, 2020 — ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of... Read More »
Top 10 U.S. Markets Where Homeownership Requires the Smallest Percent of Wages
According to ATTOM Data Solutions’ just released Q3 2020 U.S. Home Affordability Report, median home prices of single-family homes and condos are less affordable than historical averages in 63 percent of U.S. counties, up from 54 percent in Q3 2019. This fallback comes as spikes in home prices are outpacing increasing wages and declining mortgage... Read More »
Homeownership Less Affordable for Average Workers Across U.S. in Third Quarter of 2020
Portion of Wages Needed for Home Ownership Exceeds 28 Percent Lending Benchmark in Almost Two-Thirds of Nation; Affordability Also Worse Than Historical Averages in Nearly Two-Thirds of Country; Median Home Prices Up At Least 10 Percent in Half of U.S. IRVINE, Calif. – Sept. 24, 2020 — ATTOM Data Solutions, curator of the nation’s premier... Read More »
Top 10 U.S. Counties Where Buying a Home is Most Affordable
ATTOM Data Solutions’ just released Q2 2020 U.S. Home Affordability Report revealed that median home prices of single family homes and condos in Q2 2020 are more affordable than historical averages in 49 percent of the U.S. counties included in the analysis. That figure is up from 31 percent a year ago. ATTOM’s latest home affordability report... Read More »
Home Affordability Increasing for Average Workers Across Majority of U.S. in Second Quarter of 2020
Portion of Wages Needed for Home Ownership Exceeds 28 Percent Lending Benchmark in Almost Three-Quarters of Nation; But Affordability Now Better Than Historical Averages in Half the Country; Coronavirus Yet to Have Major Impact on Home Affordability IRVINE, Calif. – June 25, 2020 — ATTOM Data Solutions, curator of the nation’s premier property... Read More »