Tag: HOI

Housing Affordability Holds Steady on a Year-Over-Year Basis

Filed in Economics by on May 9, 2019 0 Comments
Housing Affordability Holds Steady on a Year-Over-Year Basis

Lower home prices, declining mortgage rates and solid income gains contributed to a rise in housing affordability in the first quarter of 2019. However, affordability is roughly the same as it was a year ago.

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Housing Affordability Holds Steady at a 10-Year Low in the 4th Quarter

Filed in Economics by on February 14, 2019 3 Comments
Housing Affordability Holds Steady at a 10-Year Low in the 4th Quarter

A modest increase in interest rates offset a slight decline in home prices to keep housing affordability essentially level in the fourth quarter of 2018 and still hovering at a 10-year low, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability Edges Lower in the Third Quarter

Filed in Economics by on November 8, 2018 0 Comments
Housing Affordability Edges Lower in the Third Quarter

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

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Housing Affordability Hits 10-Year Low in 2nd Quarter

Filed in Economics by on August 9, 2018 1 Comment
Housing Affordability Hits 10-Year Low in 2nd Quarter

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

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Rising Incomes Boost Housing Affordability in 1st Quarter

Filed in Economics by on May 10, 2018 1 Comment
Rising Incomes Boost Housing Affordability in 1st Quarter

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.

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Housing Affordability Remains Flat in 2017

Filed in Economics by on February 8, 2018 0 Comments
Housing Affordability Remains Flat in 2017

Less than 60% of homes sold between the beginning of October and end of December 2017 were affordable to families earning the U.S. median income of $68,000.

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Los Angeles is Least Affordable Housing Market

Filed in Home Building, Homeownership by on November 9, 2017 0 Comments
Los Angeles is Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles in the third quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability Inches Lower in 2nd Quarter

Filed in Economics, Sales & Marketing by on August 10, 2017 0 Comments
Housing Affordability Inches Lower in 2nd Quarter

Rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability Sees Slight 1st-Quarter Uptick

Filed in Economics by on May 11, 2017 0 Comments

Rising wages and moderating home prices offset a rise in mortgage interest rates to give housing affordability a slight boost in the first quarter of 2017, according to the NAHB/Wells Fargo Housing Opportunity Index released today.

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Housing Affordability Edges Lower in 3rd Quarter

Filed in Economics, Home Building by on November 10, 2016 0 Comments
Housing Affordability Edges Lower in 3rd Quarter

Ongoing home price appreciation offset a small decline in mortgage interest rates to move housing affordability slightly lower in the third quarter of 2016, according to the NAHB/Wells Fargo Housing Opportunity Index, released today.

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