Metro affordability Archive

Who Can Afford to Buy a Home in California?

California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers. As of the first quarter of 2017, the median home prices for single-family homes are[1]: San Jose-Sunnyvale-Santa Clara, $1.1 million; San Francisco-Oakland-Hayward, $0.85 million;...

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...

2017: What You Can Look Forward to from NAR Research

The new year has already started off with a bang and NAR’s Research Team has many projects in the works for our members, the media, and the general public related to the housing market. We’ve compiled a little cheat...

INFOGRAPHIC: 4th Quarter 2013 Metro Area Home Prices and Affordability

Last week, NAR released its latest quarterly metropolitan price and affordability figures. The lion’s share of metropolitan areas continued to experience strong year-over-year price growth in the fourth quarter. A companion metro area annual affordability report shows less favorable...

Major Metro Areas with Affordable Home Prices

The following table shows the top 10 metro areas with more than 1 million households [1] that require the least amount of income to purchase a typically priced home [2]. Detroit is number one on the list, while Chicago rounds out...