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2016 Fourth Quarter Metro Affordability

The National Association of Realtors quarterly home prices increased again this quarter. With inventory, being an issue in certain metro markets affordability may become a challenge for potential homebuyers. Here is a look at the metro areas for the...

December 2016 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.15 percent this December, up dramatically from last month’s 3.82 percent, but roughly unchanged compared to 4.14 a...

December Pending Home Sales

NAR released a summary of pending home sales data showing that December’s pending home sales made a comeback and are up 1.6 percent from last month and also up 0.3 percent from a year ago. Pending sales are homes...

December 2016 Existing-Home Sales

NAR released a summary of existing-home sales data showing that housing market activity this December fell from last month. Despite the decrease this month, 2016 was still the best year of existing-home sales in the last ten years. December’s...

November 2016 Housing Affordability Index

After moving up in four consecutive months at the national level, housing affordability is down 1.1 from last month and down from a year ago. Mortgage rates increased to 3.82 this November and current home shoppers may want to...