Stable year-over-year price gains are starting to get a bite into housing affordability, especially in the West, per the National Association of REALTORS ®' latest quarterly review. The median single-family home price increased in 73 percent of the markets, or 119 out of 164 metro areas, in the ... » Learn More about Increasing Prices Chip Away at Housing Affordability
housing affordability
Latest Housing Affordability Data
These are the latest affordability numbers from the National Association of Realtors. They don't incorporate the tightening of loan underwriting guidelines due to the new Dodd Frank regulations that are just now starting to be imposed on mortgages, but it does give a good indication on how the ... » Learn More about Latest Housing Affordability Data
National Housing Affordability Stress Test
Increases in home prices and mortgage rates have made sharp cuts to the housing affordability index. The most recent figure is 156. Should it hang at this level, it would mark the lowest affordability in 5 years. Even with the decline, a housing affordability index figure of around 150 would still ... » Learn More about National Housing Affordability Stress Test