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June 2016 Housing Affordability Index

At the national level, housing affordability is down from a year ago as home price growth distresses affordability. Inventory levels are low and are putting pressure on home prices despite another month of declining mortgage rates. Housing affordability declined...

June Pending Home Sales

NAR released a summary of pending home sales data showing that June’s pending home sales are up modestly 0.2 percent from last month and also slightly improved 1.0 percent from a year ago. Pending sales are homes that have...

June 2016 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity increased for the fourth consecutive month, as June’s existing-home sales reached the 5.57 million seasonally adjusted annual rate. June’s existing-home sales are up 3.0 percent from...

May 2016 Housing Affordability Index

At the national level, housing affordability is down from a year ago as higher home prices cause a slip in affordability. Median family incomes are not rising at the pace of home prices however, historically lower rates provide opportunities...

May 2016 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity increased for the third consecutive month, as May’s existing-home sales reached the 5.53 million seasonally adjusted annual rate. May’s existing-home sales are up 4.5 percent from...