Tag Archives: Housing Markets

America's most-talked about generation—millennials—are expected to impact the housing market heavily in 2016. As home prices in popular metros rise and affordability problems persist, this generation is expected to weigh other options in the near future.

The report showed that mid-sized metros experienced some of the largest price increases in the country, while larger metros saw home prices decline.

Rising home sales in seven of the Fed’s 12 districts—Boston, New York, Philadelphia, Cleveland, Richmond, Chicago, and Kansas City—were largely responsible for the Fed’s reports of moderate growth in housing markets.

Initial mortgage payments are already affordable to millennials in 73 out of the 100 largest housing markets in the country, according to Trulia—in other words, the initial mortgage payments make up 20 percent or less out of that household’s monthly income. In 17 out of the largest housing markets, however, a median price home is defined as unaffordable to millennials.

Affordable housing markets can be hard to find in today's booming economy, but they are not nonexistent. In fact, there are a variety of affordable markets across the U.S., with the most affordable market located in Ohio, and the least affordable market in California.

With the fall season well underway, the housing market is showing signs of slowing down with declines in demand and inventory.

The majority of metro housing markets are showing signs of health, which will make for sustainable growth in the near-term, according to Nationwide's Health of Housing Markets Report.

Although the housing market was one of the main drivers of the crisis on the U.S. economy, the housing sector has made significant recovery and cities are beginning to find their footing in the market again.

The housing market is slowly but surely inching closer to normal levels with the help of economic and job growth, according to the National Association of Home Builders/First American Leading Markets Index released Thursday.

Compared to a year ago, the overall pace of sales nationally has sped up. Last spring, about 62 percent of all homes Trulia track nationwide were still on the market at the 60-day mark. Wednesday’s report showed that number is now down to 60 percent.