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The Week Ahead: Examining Home Prices and Affordability

On Monday, May 14, at 10 a.m. ET, the National Association of REALTORS will release the latest installment of their Metropolitan Median Area Prices and Affordability Index. This release of the Index will cover Q1 2018.

The previous edition of NAR’s Metropolitan Median Area Prices and Affordability Index found that the national median existing single-family home price in Q4 2017 was $247,800. That was up 5.3 percent over Q4 2016’s national median existing single-family home price of $235,400. NAR found single-family home price increases in 162 out of 177 MSAs, or 92 percent of measured markets.

Here’s what else is happening in The Week Ahead.

  • Redbook Release, Tuesday, 8.55 a.m. EST
  • NAHB/Wells Fargo Housing Market Index, Tuesday, 10 a.m. EST
  • MBA Mortgage Applications Survey, Wednesday, 7 a.m. EST
  • Census Bureau New Residential Construction Survey, Wednesday
  • Federal Housing Administration HUD Delinquency Activities and Loss Mitigation Programs webinar, Wednesday, 2 p.m. EST
  • Freddie Mac Primary Mortgage Market Survey, Thursday
  • Philadelphia Fed Business Outlook Survey, Thursday, 8:30 a.m. EST
  • Fed Balance Sheet, Thursday, 4:30 p.m. EST

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 17 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@thefivestar.com.

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