jbrob
Official BDF member
Posts: 1,638
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Post by jbrob on Jul 9, 2024 5:29:42 GMT -5
Triad residential home markets reach 19-year low for affordability Richard Craver The affordability of the residential home markets in Davidson, Forsyth and Guilford counties reached at least a 19-year low during the second quarter, according to an Attom Data Solutions’ latest national report released last week. Guilford was rated at 68 — the lowest index total for the Attom survey that launched in the first quarter of 2005. By comparison, the scores were 75 in the first quarter and 76 a year ago. For the purposes of the index, a score of 100 represents the equilibrium point of affordability. A score below 100 signifies less affordable, while above 100 signals more affordable. ... For the other large North Carolina counties, Durham was at a record low 62, Mecklenburg County at a record low 59 and Wake County at a record low 62. greensboro.com/eedition/page-a6/page_c0da02ca-2bb6-5837-b751-93c6382e58aa.html
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jbrob
Official BDF member
Posts: 1,638
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Post by jbrob on Jul 9, 2024 5:32:32 GMT -5
Home Affordability Gets Tougher During Second Quarter Across U.S. As Prices Shoot Back Up by ATTOM Team | Jul 2, 2024 | The report also shows that major expenses on median-priced homes consumed 35.1 percent of the average national wage in the second quarter – marking the high point since 2007 and standing well above the common 28 percent lending guideline. www.attomdata.com/news/most-recent/attom-q2-2024-home-affordability-report/
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Post by The Professor on Aug 29, 2024 9:08:07 GMT -5
Supply vs demands issue. Everyone bought homes when the rates were at historic lows under Trump. No one is going to jeopardize that rate so they are just sitting on houses, thus making homes scarce on the market
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