Despite home price increases over the last three years, homes are still affordable by historical standards, according to the Urban Institute's Monthly Chartbook: Housing Finance At A Glance.
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Housing Markets Heat Up as Greater Affordability Fuels Demand
A new report from Realtor.com released Thursday found that strong housing supply-and-demand dynamics driven by affordability, are expanding local economies. In addition, lifestyle benefits are spotlighting markets and attracting new buyers.
Read More »Buying Demand & Affordability Move Home Prices Up by 6.5 Percent in June
Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.
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