...the last five years, but hourly wage has only increased 12 percent. According to Yun, this trend is unsustainable and putting considerable pressure on affordability in select markets, ultimately pricing...

...percent month-over-month, while 10-City Composite showed no change and 20-City Composite posted an increase of 0.1 percent. Blitzer said rising home prices are the primary factor in lack of affordability,...

...it is clear that home prices have been rising faster than income growth over the past few years, meaning that housing affordability has been deteriorating. At the same time, accelerating...

...than a year ago, affordability declined 9.3 percent.” All 50 states experienced an increase in real house prices—meaning a decline in buyer affordability. Washington state had biggest year-over-year jump, with...

...affordability—while suffering a bit lately—is still okay, largely because of very low mortgage interest rates helping to keep monthly mortgage payments in check," said Zillow Chief Economist Dr. Svenja Gudell....

...as existing sales in July inched backward,” said Lawrence Yun, Chief Economist at NAR. Yun noted that not enough inventory to choose from and its pressure on overall affordability put...

...in affordability between costal and interior cities. “Tech hubs” are largely considered million-dollar ZIPs with San Francisco (74 percent) and San Jose (77 percent) leading the way leaving other coastal...

...median sales price. "The glaring need for more new home construction is creating an affordability crisis that needs to be addressed by policy officials and local governments,” Yun said in...

...city to spend their golden years, WalletHub released 2017’s Best and Worst Places to Retire report, which compares the 150 most populated cities across four key dimensions, including affordability, activities,...

...due to three reasons. The National Association of Realtors produces what Becketti would consider the most widely cited measure of housing affordability, the Housing Affordability Index (HAI). According to the...