HOUSING PRICES - NATIONAL

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STATE OF HOME AFFORDABILITY AND HOUSING PRICES

National averages are meaningless; as the adage goes:
REAL ESTATE IS LOCAL!.
 

Home Prices:

  • ⇧ 5.2% YoY.
  • ⇩ (0.2)% annualized during Fed tightening.
  • ⇧ 5.0% annualized since Fed pause.
 

Home Affordability:

  • 4.3X
  • Average existing home price is 4.3 times the homeowner's family income.
  • 4.2X
  • Average new home price is 4.2 times the homeowner's family income.
 
     Review the information on the regional Housing Prices tabs local market housing price trends and home affordability.
 
HOUSING AFFORDABILITY - GOOD
 
  • Southwest and Rocky Mountain regions
  • Midwest markets
  • Mid-Atlantic regional markets
    		•
    HOUSING AFFORDABILITY - POOR
     
  • California and Pacific Northwest regions
  • Northeast markets
  • Florida - in particular, Miami
    		•

    Home Prices Through the Cycle

    Housing Price Trends Since 2000

    Housing Prices Annual Change

    Housing Prices vs CPI

    MSA Housing Prices - YoY

    Housing Prices 2000 to Pre-Great Recession Peak

    Housing Prices Pre-Recession Peak to Trough

    Housing Prices Since Trough

    Housing Prices Since Pre-recession Peak

    Home Prices - TRENDS BY PRICE TIERS

    Low Price Tier - YoY Change

    MSA Housing Prices by Price Tier

    Home Prices ACROSS METROPOLITAN MARKETS

    YoY Change in Housing Prices by MSA

    Housing Prices vs. CPI

    Trends in Homeowner Negative Equity

    Homeowner Negative Equity - Large MSAs

    HOME AFFORDABILITY ACROSS METROPOLITAN MARKETS

    Regional Home Affordability

    Regional Population and Home Prices

    Home "P/E" Ratios by Market

    Home Affordability and HPI Levels