Tag Archives: home affordability

Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.

While homebuyers nationwide continue to struggle with the inflated cost of living and high home prices, a new survey from Arrived revealed an estimated 87.2% of Gen Zers said homeownership is important when building wealth. About 65% cite financial security and stability as the top two reasons why they want to own a home.

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.

NAR examines what's keeping interested homebuyers on the sidelines. 

The California Energy Commission recently introduced a regulation making it mandatory for all new homes to have solar panels, starting 2020. How will this regulation affect home affordability in one of the most expensive housing markets in the country?

Home prices touched a growth of almost 7 percent between January 2017 and 2018. How did this growth affect the value of entry-level homes in an overvalued market?