Declines

Housing Affordability Declines in October 2020 Amid Surging Home Prices

Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%. www.nar.realtor – Research

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Housing Affordability Declines in September 2020 as Median Family Prices Continue to Surge

At the national level, housing affordability declined in September 2020 compared to a year ago but rose compared to August. www.nar.realtor – Research

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First-time Buyer Share Declines to 31% in September 2020 But Still Hits 2 Million

Amid more intense buyer competition, rising prices, and higher credit qualifications, the share of first-time buyers continued to decline to 31% in September. www.nar.realtor – Research

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