April 2019 Housing Affordability Index

The RealtyHop Housing Affordability Index analyzes both proprietary and ACS Census data to provide an index of housing affordability and homeownership burden across the 100 most populous cities in the country. Median home prices are calculated using over 300,000 listings in the RealtyHop database over the month prior to publication.

Housing Affordability Index Inventory of Homes for Sale Absorption Rate All properties combined pending sales Closed Sales Days on Market Until Sale. The national unemployment rate dropped to 3.6 percent during April 2019, the lowest level since 1969. A historically low unemployment rate can.

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April 25th, 2019. print article. 1. –Natasha Nellis. King County had the lowest score on the housing affordability index for first-time buyers for Q2, at 39.8.

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The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data. Housing Affordability Index data are provided by NAR solely for use as a reference.

Housing affordability increased from a year ago in April, moving the index up 3.4 percent from 147.3 to 152.3. The median sales price for a single family home sold in April in the US was $269,300, up 3.7 percent from a year ago. Nationally, mortgage rates were down 36 basis point from one year ago (one percentage point equals 100 basis points).

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April 2019 Housing affordability index nationally, housing affordability is down slightly from last month but up from a year ago. Mortgage rates were down from last month and a year ago. June 14, 2019 By: Michael Hyman Powered by WPeMatico

According to the Economists’ Outlook Blog, NAR’s February 2019 Housing Affordability Index showed that the "percentage of income needed" to pay the typical mortgage has decreased the last three months.

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Housing Market Indicators Monthly Update April 2019 April 2019 Housing Market Indicators | Page 1 U.S. Department of ousing and Urban Development National housing market indicators available as of April show activity in housing markets was mixed overall. Trends in some of the top indicators for this month include: