Local Market Reports Archive

Markets with the Largest and Smallest Employment Change

Fundamentals like employment and affordability are key to sustained housing recoveries.  Among the markets with the strongest improvements in employment over the 24-month period ending in June are Bismarck and Fargo, both of which have benefited from the oil...

Markets with the Largest Change in Homeownership Rate

The national homeownership rate peaked at 69% in 2004, but fell four percentage points to 65% in the 2nd quarter of 2013. Despite having experienced the large number of foreclosures in California and Florida, those states are not among...

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...

Largest Improvements and Declines in Median Price

The strongest improvements in median sale prices over the four-quarter period ending in June of 2013 were dominated by markets from the Sun Belt and Atlanta. These markets experienced some of the largest price declines following the subprime bust...

Share of Refinances That Were HARP and 5% or More Underwater

The Home Affordable Refinance Program (HARP) was initiated in April of 2009 as a means for homeowners to take advantage of lower mortgage rates. Refinances have the double benefit of reducing the likelihood of default by making payments more...