US housing affordability reaches 8-year low

Housing affordability in the U.S. hit its lowest point since the fourth quarter of 2008 as wage growth fails to keep pace with rising home prices, according to the fourth quarter 2016 Home Affordability Index from RealtyTrac. Based on the latest data from ATTOM Data Solutions and the Bureau of Labor Statistics, RealtyTrac reported that the index fell to 103 in the fourth quarter from 108 in the prior quarter and was also down from 116 a year earlier. Unless the U.S. sees a resurgence in wage growth, housing affordability is likely to regress further next year amid expectations of more interest rate increases. Dive Insight: The issue of housing affordability has plagued the market since the recession amid an improvement in economic conditions, tighter lending standards and low inventory levels. These factors have combined to push home prices back up to pre-crisis levels, wi...

Full article: http://www.sustainablecitiescollective.com/construction-d...

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US housing affordability reaches 8-year low

Housing affordability in the U.S. hit its lowest point since the fourth quarter of 2008 as wage growth fails to keep pace ...

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Housing affordability in the U.S. hit its lowest point since the fourth quarter of 2008 as wage growth fails to keep pace ...

US housing affordability reaches 8-year low

Housing affordability in the U.S. hit its lowest point since the fourth quarter of 2008 as wage growth fails to keep pace ...

US housing affordability reaches 8-year low by ...

Housing affordability in the U.S. hit its lowest point since the fourth quarter of 2008 as wage growth fails to keep pace ...

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