Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability improved on a national and regional basis, with the greatest monthly gains in affordability happening in the South (+0.4 percent), Midwest (+0.3 percent) and Northeast (+0.2 percent).
Source: Inman News
Housing affordability improves for second consecutive month
Published in home price growth, housing affordability, Markets & Economy, mortgage payments, mortgage rates, NAR and wage growth
More from home price growthMore posts in home price growth »
- Redfin on 2026: Affordability improves, sales rise only slightly
- 5 data-backed tips for leading your clients through 2025
- Tensions run high as buyers and sellers battle for ‘the driver’s seat’
- These 10 real estate markets have lost $233B in value since 2024
- Why is Midwest real estate beating the rest of the country?
More from housing affordabilityMore posts in housing affordability »
- NAR’s new consumer profile shows agents how to thrive in 2026
- 8 reasons you should never recommend a 50-year mortgage
- Are 50-year mortgages an affordability fix or a time bomb?
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
- Veterans have been ‘priced out,’ left behind by the housing market
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from mortgage paymentsMore posts in mortgage payments »
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Home prices kept rising in Q1 but fewer cities saw double-digit gains
- US home prices rose in 90% of metro areas in Q3, NAR says
- Americans’ average mortgage payment falls $164 in November
- In 5 months, homebuyers have lost $30K in purchasing power
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from NARMore posts in NAR »
More from wage growthMore posts in wage growth »
- Rising unemployment revives prospects for December rate cut
- Are 50-year mortgages an affordability fix or a time bomb?
- Rising wages and job growth pushed pending home sales up slightly in May
- A squad of economists is waging a stealth war on America’s ‘30% rule’
- Homeownership affordability drops in two-thirds of U.S.
Be First to Comment