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Tag Archives: Affordability

Home Prices Moderate as Markets Stabilize

According to Trulia, for the first time since July 2012, none of the 100 largest markets in May—anywhere in the United States—saw home prices rise more than 20 percent year-over-year. This is the first sign of sustainability in the housing market in years and is a welcome change from the hyper-rebounding that occurred in some markets—particularly in the West, where asking prices rose by as much as 30 percent from 2012 to 2013.

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Young Adults Aging Out of Foster Care Face Unique Housing Challenges

As the housing market continues to mend, bringing hope to many formerly underwater homeowners or others who simply hoped for a good return on their investments, at least one group of young Americans has seen no relief in the improving market. HUD released a report this week chronicling the challenges young adults aging out of foster care face in finding safe, affordable housing.

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Experts Undecided on Cause of Affordability Concerns

2015 HUD

In a survey of 106 economists, real estate experts, and investment and market strategists, Zillow found a slight majority—28 percent—pinned the most blame for declining affordability on stagnant income growth across the country, even as the rest of the economy has moved in a generally positive direction.

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First Quarter Housing Affordability Edges Higher

A decrease in median home prices coupled with steady mortgage rates helped contribute to higher housing affordability in the first quarter of 2014, according to the National Association of Home Builders (NAHB). NAHB, coupled with Wells Fargo, recently published their Housing Opportunity Index (HOI), which found 65.5 percent of new and existing homes sold between January through March were affordable to families.

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Home Price Growth Slows in Q1

Real Estate Market

According to the latest quarterly report by the National Association of Realtors (NAR), year-over-year home price growth continued in most metros, albeit at a slightly lessened pace. The median existing single-family home price increased in 74 percent of measured markets.

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Home Values Rise, But Remain Below ’07 Peak

Zillow’s Q1 Real Estate Market Report, released Tuesday, shows that home values across the United States are up 5.7 percent (to a national median of $169,800) compared to Q1 2013. Even more encouraging is that home values in 527 U.S. cities that saw declines of 10 percent or more during the recession are either at their peak or soon will be.

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Affordability Issues Create Housing Bubble Concerns

A look into 35 major markets by Zillow reveals that buyers making the median income in Southern California, the Bay Area, Portland (Oregon), Denver, and Miami face markets where more than half the available homes are beyond their price range—which could mean the beginning of a new housing bubble.

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Has the Foreclosure Housing Market Improved?

RealtyTrac released a new analysis of the foreclosure housing market on Thursday, which found that 96 percent of U.S. county real estate markets are better off than at the height of the foreclosure crisis four years ago.

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First-Time Buyers Show Interest; Face Tough Market

More than 4 million first-time buyers want to enter the market, but they face some tough issues as market conditions aren't exactly favorable to new buyers. This conclusion came from the Zillow Housing Confidence Index (ZHCI), a new calculation released by Zillow and Pulsenomics.

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