RealtyTrac: Buying a home is unaffordable in 18% of counties homes remain affordable, RealtyTrac report shows – The trend was reflected statewide and nationwide, with 81 percent of the U.S.’ population living in cities where the income needed to buy a median-priced home. to RealtyTrac.
· San Diego County is one of the nation’s most expensive in which to buy a home. Between April 2013 and March 2014, the county’s median home price was $405,000, one of.
Housing markets were less affordable than their historic norms in 18% of counties across the country, according to the Home Affordability Index for the second quarter from RealtyTrac. That figure is worse than in the first quarter, when only 5% of counties were less affordable than their historically normal levels, but better than a year ago when the figure stood at 20% .
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A house for sale on 2nd Lane in South San Francisco in April. Only 18 percent of Bay Area households could afford to buy a median-priced single-family home, according to a California Association.
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– RealtyTrac: Buying a home is unaffordable in 18% of counties CoreLogic: Negative equity props up home prices in toughest markets Overall, the report paints a picture of a national housing market that is. Nevada is having the toughest time: 36% of all mortgaged homes there had negative equity.
· Buying a Home May Be More Affordable Than You Think. By. a home than to rent one in 66% of U.S. counties, Cook County where you are going to see very unaffordable home prices," Blomquist.
Counties homes remain;. Seven of the 20 cities saw double digit gains in home prices, while New York was the only city where prices declined. Fully extinguished second liens under HAMP hard to come by RealtyTrac: Buying a home is unaffordable in 18% of counties homes remain.
· Just three years ago, median home sales prices were just $99,900 in St. Louis – meaning median home prices are up 86% during the three-year span. That’s a recipe for a pullback. The story is similar in Winnebago County, Illinois, about halfway between Chicago and Madison, Wisconsin. Home prices are up 18% there, but wages are down 1.9%.