Despite Price Spikes, Homeownership Remains Affordable

Two reports—from ATTOM Data Solutions, Irvine, Calif., and First American Financial Corp., Santa Ana, Calif.—say despite sharp spikes in home prices, homeownership remains affordable for most workers, which continues to drive housing demand.

Signs Point Toward Continued House Price Appreciation

Ahead of this morning’s S&P CoreLogic Case-Shiller Home Price Indexes, a report from First American Financial Corp., Santa Ana, Calif., said low mortgage rates, tight supply and demographic demand will continue to drive home price appreciation well into autumn.

First American: House Price Appreciation Likely to Accelerate Through Summer

First American Financial Corp., Santa Ana, Calif., said its Real House Price Index shows the supply and demand imbalance that existed entering the coronavirus pandemic has persisted, and even worsened, meaning house price growth will likely remain strong this summer.

S&P: Home Price Growth Stable in Early 2020

S&P Dow Jones Indices, New York, said home prices continue to increase at a modest rate across the U.S. to start the first quarter.