Affordability Archive

Daily Economic Update: Retail Sales, PPI

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 retail sales and the producer price index....

Markets with Rising Home Prices

All real estate is local.  Therefore, despite the slump in the national figures, there will naturally be some local areas with price increases.  According to a report from the government agency that regulates Fannie and Freddie, the top 20...

Rent or Buy?

The cliché says that there has never been a better time to buy.  The hard data in the housing affordability index confirms that.  The affordability index, which takes into account median income, median home price, and mortgage rates, has...

Widespread Affordability Gains for Buyers

The ratio of home prices to household income is a common measure of homebuyer affordability. This metric improved again in 2010 as the median home price fell to about 3.4 times the median household income, the lowest level since...