Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
Tag: First American Data & Analytics House Price Index
First American’s Mark Fleming: Affordability Crunch Unlikely to Change Through 2024
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
First American’s Mark Fleming: Affordability Crunch Likely Unchanged Through 2024
Apart from the fall of 2023, affordability in May reached its lowest level in over three decades. On a year-over-year basis, affordability declined by nearly 9%.
First American Chief Economist Mark Fleming: An Overvalued Housing Market May Be Returning
In March, mortgage rates increased and affordability fell modestly by 0.1 percent compared with February, according to the Real House Price Index. On an annualized basis, affordability decreased by approximately 5 percent.