Analysis and Data
Report by NAR, Realtors.com finds record-high prices & record-low inventory makes it difficult for consumers, and especially Black consumers, to buy houses.
Black Knight: it now takes 25.8% of the median household income to purchase the average-priced home with 20% down and a 30-year mortgage, the worst affordability levels since 2008.
Locals in Phoenix, Dallas, and Orlando are being priced out of these areas as home prices jump nearly 30%.
Fannie Mae's Home Purchase Sentiment Index slipped by 2.4 points to 71.8 in Jan. 2022.
Redfin’s forecast expects price growth to slow to an annual rate of 7% by the end of 2022.
CoreLogic expects new home sales to increase in 2022 with the biggest gains in places with high population gains, projected to be Texas, Florida and Arizona.
Total was below 2021 average, but topped expectations; unemployment rate remains at 4%.
Research published by OJO Labs revealed that San Diego is now the least affordable metro in the U.S., moving ahead of both San Francisco and Los Angeles.
Record property sales volume increased 226% in the fourth quarter of 2021 due to the significant growth in our property sales team over the past year in key markets and strong investor appetite for multifamily assets.
Millennial parents have a hefty bill to pay if they want their child to have a friend next door.