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Housing Affordability Index: What This Tells You About Price Pressure
Wednesday, November 30, 2022 - 12:07pm | 593Read More...The Housing Affordability Index, measured by the National Association of Realtors, determines whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data. An index above 100...
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Here's How Much You Need To Earn To Buy A Home In 2022
Monday, November 14, 2022 - 1:20pm | 419Read More...According to the National Association of Realtors' most recent quarterly report, home prices rose in the vast majority of metro areas in the third quarter of 2022, pushing up the median income required to buy a home in the U.S. as purchasers battled mortgage rates that were close to 7%. Of the...
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Mortgage Payments Have Increased A Staggering 50% From One Year Ago
Monday, November 14, 2022 - 12:50pm | 455Read More...House affordability for the majority of first-time homebuyers has been shattered by stubbornly high prices and mortgage rates that have hit 22-year highs. The median income required to buy a normal home has increased to $88,300, according to the National Association of Realtors (NAR). This is...
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Home Prices Rose In October, November Sales Declined
Tuesday, December 23, 2014 - 1:08pm | 174Read More...The Federal Housing Finance Agency (FHFA) reported Tuesday that U.S. house prices rose in October, up 0.6 percent on a seasonally adjusted basis from the previous month, according to the FHFA monthly House Price Index (HPI). The previously reported house price change of 0.0 percent in September...
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Existing Home Sales Rise, Beat Forecast
Tuesday, October 21, 2014 - 12:17pm | 141Read More...The National Association of Realtors released September existing home sales, showing an annualized rate of 5.17 million units sold, versus expectations of 5.1 million and the highest reading in over a year. Sales of existing single-family homes rose 2 percent to 4.56 million in September from...
