ATTOM, Irvine, Calif., said median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79 percent of counties across the nation.
Tag: U.S. Home Affordability Report
Housing Affordability Concerns Intensify
Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.
Home Affordability Slips Again
ATTOM, Irvine, Calif., reported median-priced single-family homes are less affordable compared to historical averages in 75 percent of counties across the nation with enough data to analyze.
As Prices Soar, Home Affordability Declines for Average Workers
ATTOM, Irvine, Calif., reported median home prices of single-family homes and condos in the second quarter were less affordable than historical averages in 61 percent of counties across the nation in the second quarter, up from 48 percent in the first quarter, to the highest level in two years.
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.
ATTOM: Homeownership Slips into ‘Unaffordable’ in 4Q
ATTOM Data Solutions, Irvine, Calif., said median home prices of single-family homes and condos in the fourth quarter of 2020 were less affordable than historical averages in 55 percent of counties with enough data to analyze, up from 43 percent a year ago and 33 percent three years ago.
Homeownership Less Affordable for Average Workers Across U.S.
ATTOM Data Solutions, Irvine, Calif., released its third-quarter U.S. Home Affordability Report, showing median home prices of single-family homes and condos in the third quarter are less affordable than historical averages in 63 percent of counties with enough data to analyze, up from 54 percent a year ago.
ATTOM: Home Affordability Increases in 2Q
ATTOM Data Solutions, Irvine, Calif, said its second-quarter U.S. Home Affordability Report showed median home prices of single-family homes and condos became more affordable than historical averages in 49 percent of U.S. counties, up from 31 percent a year ago.
ATTOM: Home Affordability Reaches Two-Year High
ATTOM Data Solutions, Irvine, Calif., said owning a median-priced home in the first quarter– costing $252,500 – consumes 31.1 percent of the national average wage, down from 31.4 percent in the fourth quarter and 31.6 percent a year ago to the lowest percentage since fourth quarter.