The National Association of Realtors housing affordability index was unchanged at 87.8 in July, matching the lowest level in data back to 1989. A level of 100 means a family with the median income ...

Home prices finished the summer at another record high as home affordability tanks to a historical low ... Association of Realtors. The NAR affordability index dropped to 91.7 in August from ...

The Housing Affordability ... The index is calculated by taking data on sales of existing single-family homes (not new ones), monthly mortgage rates, and household income. The NAR’s calculation ...

History often repeats itself ... single-family home with a 20 percent down payment, according to NAR’s affordability index. That family today would need an income of $110,544 to make the ...

as the housing market continues to recover from a long-winded battle with affordability. The National Association of Realtors’ Pending Home Sales Index (PHSI) fell to 70.2 last month – the lowest ...

That was the lowest in the survey’s 41-year history ... the lack of affordability is playing a key role in holding them back from homeownership,” said Jessica Lautz, NAR’s vice president ...

The national index dropped ... 3.01% a year earlier, NAR reports. Also, median existing-home sales price rose 14.6% from May 2021. “I don’t know that we’ll ever see affordability again ...

The National Association of Realtors advocates for updated credit scoring models that consider factors like rental payment history ... affordability. NAR's Housing Affordability Index shows ...

US home affordability is the worst it's been since ... Would-be buyers remain out of luck as property prices steadily climb. In the NAR's Q3 US housing-market report, released Thursday, the ...

Annually, the pending home sales index dropped 3.6% ... contract signings remain well below normal historical levels," said NAR Chief Economist Lawrence Yun. "A meaningful decline in mortgage ...