Home >> Tag Archives: Household Income

Tag Archives: Household Income

U.S. Home Prices Rise 8.7% Month-Over-Month

First American reports that between September 2022 and October 2022, rose nearly 9% month-over-month, with the rapid annual decline in affordability driven by a 12% annual increase in nominal house prices.

Read More »

Slowing House Price Appreciation Expected to Continue

Having slowed from recent peaks, house price appreciation in all top 50 markets analyzed in the latest study from First American revealed the housing market is adjusting to the decline in affordability as the hot pandemic sellers’ market transitions in favor of homebuyers.

Read More »

Housing Sentiment Slips Again, Nears Record Low

According to Fannie Mae's Home Purchase Index, the percentage of Americans that believe now is a good time to buy a home decreased alongside those who expect mortgage rates to go down in the next year. Meanwhile, the percentage who say it is a bad time to buy increased to 75%.

Read More »

Price Per Square Foot Hits $169

The average price per square foot of a home hit a new record in July as a new study revealed that these prices have increased 310% since 1980.  According ...

Read More »

More Homebuyers Taking up ARMs

Mark Fleming, Chief Economist at First American, explains why current conditions mean adjustable-rate mortgages “could be a game-changer for many first-time homebuyers."

Read More »

Share of Single-Income Homes on the Rise

The pandemic has caused shifts in the demographics of households including how many streams of income a household has while others found happiness by moving to a new metropolitan area to take advantage of a different housing market or to be closer to family.

Read More »