Tag: homeownership
Top 10 U.S. Counties with Highest Wages Required for Homeownership
According to ATTOM’s just released Q3 2022 U.S. Home Affordability Report, median-priced single-family homes and condos are less affordable in Q4 2022 compared to historical averages in 99 percent of U.S. counties. The report notes that figure is far above the 68 percent of counties that were less affordable in Q4 2021. ATTOM’s latest home... Read More »
How ATTOM and Up&Up Are Working Together to Help Renters Build Wealth
For years, homeownership has been the key to building wealth. Renting, meanwhile, had little financial benefit. At least that was the case until Up&Up found a way to help renters leverage the wealth, they can build by making on-time rent payments and caring for their rental properties. Here’s a closer look at how they’re using real... 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 »
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 »
Home Affordability Declines for Average Workers Across U.S. in Second Quarter as Prices Soar
Average Wages Still Above Levels Needed To Afford Typical Home in Second Quarter of 2021; But Historic Affordability Dropped in Almost Two-Thirds of U.S. Housing Markets; National Median Prices Hits New High, Up 22 Percent Over Last Year IRVINE, Calif. – June 24, 2021 — ATTOM, curator of the nation’s premier property database, today released its... Read More »