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These gains come after the U.S. housing market concluded one of its best years in the past decade.
Profits rose in more than 90% of U.S. housing markets, marking the highest level since at least 2008.
Foreclosure starts and completions hit record lows nationwide.
Home prices have increased more than average rents and more than average wages in 88% of the counties analyzed.
Looming rate hikes pressure buyers to buy sooner rather than later, despite limited options.
The typical home remains within the means of the average wage earner, but the historic affordability is down in three-quarters of the U.S. market.
