A recent study found that about 71 percent of U.S. housing markets are unaffordable for the average American. A new study finds the most and least affordable markets in the nation.
Housing costs in most of California's major metros are now so high that high-income households are being priced out. Median annual household incomes in San Francisco and San Jose are more than $44,000 higher than the national median.
The average 30-year fixed rate for a mortgage dropped to 4.06 percent this week, down 22 basis points from last week and 34 basis points annually, according to Freddie Mac.
A new study of the 25 most heavily populated U.S. metros tracked migration patterns and housing costs in destination cities. From 2012 to 2016, an average 47 million U.S. residents moved each year.
Housing has become so unaffordable in the U.S. that a major homebuying demographic, Millennials, are opting to buy in more affordable exurban areas instead of pricey urban and suburban markets.
The Federal Reserve's dovish policy change making further interest rate increases unlikely for the rest of 2019 sent current rates down, and experts say is a signal of the Fed's view of a "slowing global economy."
Consumer confidence was down in March, surprising experts, and marking the fourth monthly decline since November 2018. The Conference Board's index data show a 5.6 percent decline for the month.
New construction cost index data show growth in March to a 60.4 reading, up from 55.3 in February. A 60-point reading for labor and materials indicates widespread price increases.
While housing market conditions are beginning to favor buyers more now than in the spring of 2018, a new study finds that the average American can't afford a home in more than 70 percent of the country.
NAHB Housing Policy Briefing | The National Association of Home Builders is a Washington, D.C.-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property managem
