According to the First American Real House Price Index, housing affordability dropped to its lowest point in more than three decades, with home prices jumping 2% from June.
Read More »Where Home Affordability Is Declining the Fastest
“Affordability declined month-over-month in all of the 50 markets we track, but some markets saw a much sharper decline than others,” said First American Chief Economist Mark Fleming.
Read More »Declining Home Prices, Softening Labor Market May Increase Foreclosures
While nominal house price appreciation slowed in response to affordability-constrained demand, new data revealed falling house prices could cause foreclosures to jump, according to the First American Real House Price Index,
Read More »Rapid Annual Affordability Decline Driven by Two Factors
According to First American’s Chief Economist, two major hurdles stand in the way of homebuyers and affordable homes. Click through to find out what those obstacles are.
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 »The Imbalance Between Housing Supply, Demand
A new report spotlights summer trends and continuing challenges on the housing supply front. Click through for all the details.
Read More »What’s Restricting Home Affordability?
A new report points to two dynamics that are increasing competition in a rapidly rising home price environment. Here’s how they’re also affecting home affordability.
Read More »Will Rising Incomes Offset High Borrowing Costs?
Rising household incomes are more than likely to offset the effects of higher borrowing costs because of rising interest rates, according to data of The Real Home Price ...
Read More »House-buying Power Up—But Not for Long
Real house prices—which account for “house-buying power” and affordability—dropped 1.3 percent in June, but are still up nearly 10 percent since this time last year. What will the rest of the year look like for the market?
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