Affordability Archive

Employment Data

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights new employment figures. Today’s data on jobs was unambiguously good. Payroll jobs rose...

Affordability Boost

Record low mortgage rates, steady incomes, and falling home prices combined to boost affordability in Boise, Idaho. The ratio of debt service (principle and interest) relative to the local median household income stood at 9.3% in the 2nd quarter...

Housing Affordability

Housing affordability will be at its highest in a generation this year. The affordability index is comprised of median home prices, median family income, and the prevailing mortgage rate. An index of 100 implies that a median income family...

Rising Apartment Rent

A downside to the home buying market has brought an upside to the rental market.  Occupied rental units have risen from 2005 when people were getting priced out of the bubble prices and then accelerated in light of rising...

Natural Equilibrium Home Prices

In the short run, home prices will be strictly determined by demand.  Supply cannot be brought in line in a short time-frame.  It takes time to get permits, draw up architectural plans, bring in earth-moving equipment, etc.  Therefore, a...