Tag Archives: Wages

Millennials face significantly higher homebuying hurdles than preceding generations. A new report shows how big the disparity between costs and incomes has become.

Homeownership is becoming more and more difficult, according to ATTOM's 2023 U.S. Home Affordability Report, which revealed that in Q3, housing affordability worsened across the nation amid continuing increases in home prices and mortgage rates.

Homebuying conditions for house hunters may be improving as the portion of average wages nationwide required for typical major homeownership expenses fell slightly to 30% in Q1, according to ATTOM's latest U.S. Home Affordability Report.

Click through for some of the big-ticket news impacting the housing market and a report that is likely to affect the overall economy and housing as the nation goes to vote.

Despite the employment numbers released by the Bureau of Labor Statistics coming in below expectations on Friday, unemployment numbers fell to their lowest since 1969. Experts weigh in on how these trends are affecting the housing market.

On Tuesday evening, President Trump delivered his State of the Union address before the Congress. The White House released excerpts from the speech before it began, highlighting a focus on immigration reform, infrastructure, national security, and the economic impacts of ...

The labor market has taken significant steps in the quest to return to pre-recession employment levels. Still, concerns remain among many about the quality of jobs being created. Wages have increased over the past year but at only a 2.3 percent growth rate, they lag behind the growth rate that they should be experiencing at this point in the business cycle. A change may be in the air.

Home price increases have started to plateau, but with wages remaining stagnant, cash-strapped shoppers are still feeling put out. According to Trulia, asking prices on listed homes rose 1.2 percent month-to-month in June, the highest monthly increase in more than a year. The increase was the same both with and without foreclosures.