Chief Economist Mark Fleming of First American states that “given the large loss of affordability buyers experienced this year, a possible improvement next year will be a welcome relief for potential buyers.”
Read More »Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »Rise in Rates to Impact Consumer Affordability
Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.
Read More »House Price Appreciation Eclipses Affordability
A new analysis of July data has found that home seekers are playing a game of cat and mouse with the limited inventory available.
Read More »Where the Biggest Changes in Affordability Occurred
According to new data, these three cities saw the biggest home price increases as the rest of the country's gains slipped, and buying power increased.
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