Affordability Archive

Homeownership Rates: Top and Bottom 5 States

Affordability has a strong impact on homeownership.  Not surprisingly, four of five states with the lowest homeownership rates in the US are characterized by markets with high prices.  Washington, DC has the lowest homeownership rate at 45.3%.   At the...

Mortgage Rates

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage rates and affordability....

Home Price Update

Home prices keep going up, according to the latest data from the Federal Housing Finance Agency.  Prices are up 3.7 percent from one year ago to May.  The Mountain states covering Arizona, Nevada, Idaho, Montana, Utah, Colorado, and New...

Housing Affordability

The April Existing Home Sales release published in late May showed a strong rise in home prices from a year ago.  What does this mean for affordability?  The answer may surprise you....

International vs U.S. Housing Affordability

In a recent report, “The 8th Annual Demographia International Housing Affordability Survey,”  which referenced NAR’s housing data, the authors look at housing affordability in 325 metropolitan markets in Australia, Canada, Hong Kong, Ireland, New Zealand, the United Kingdom and...