Key Points: Housing affordability improved 2.3 percent year over year in July, marking the fifth consecutive month with an annual gain. Affordability improved in 39 of the top 50 markets, with the strongest gains in markets where active inventory increased the most. Affordability may improve further this year, but gains will likely be modest. ...
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Key Points: Existing-home sales remain well below historical data would suggest for a market of today’s size. Active listings are still 22 percent lower than the 2015–2019 average, and the annual pace of improvement is slowing. Lower mortgage rates and improved affordability should encourage some buyers and discouraged sellers to re-enter the ...
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Key Points: Only 26 percent of homes were affordable to the median renter nationally in Q2 2025, down from 28 percent at the end of 2024. The AFC South leads the 2025 Affordability Bowl standings, with Jacksonville and Indianapolis offering the most accessible housing markets. With mortgage rates easing, incomes rising, and price growth slowing, ...
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Key Points: National housing affordability rose 3.1 percent year over year in June, marking the fifth consecutive month with an annual gain. Prices are decelerating or declining in many markets, boosting affordability, though pandemic-era equity gains remain largely intact. Affordability will likely improve slowly as income growth outpaces house ...
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Key Points: National sales remain weak despite rising inventory, highlighting the importance of distinguishing between active listings and new listings. Across the top 75 markets, sales are strongly correlated with the flow of new listings. The outlook for new listings growth—and thus sales—will hinge on the tension between the mortgage rate ...
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Key Points: Affordability depends heavily on location. Regional differences in prices, taxes, and utility costs lead to wide disparities in how much of one’s income is spent on housing. High home prices—particularly in Western markets—drive up mortgage and tax costs, leading to some of the highest cost burden rates in the country. High income ...
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