The HIA - CBA Housing
Affordability Index fell 9.1 per cent over the last three months to be 32 per cent lower compared to the same period last year, showing a worsening situation nationally.
Homeownership has moved further out of reach, with affordability measured in the ATTOM Data Solutions Q4 2016 Home
Affordability Index falling steeply in the fourth quarter to its lowest level since 2008.
Not exact matches
Low mortgage rates and
falling home values have brought housing within reach to more families than ever before, according to the latest National Association of REALTORS ® housing
affordability index.
Limited inventories and
falling housing
affordability will likely impact the pending sales
index in future months as well, Yun says.
Car prices have
fallen in recent months, according to the annual
Affordability Index compiled by Detroit's Comerica Bank.
There is no doubt that with home prices and mortgage rates on the rise, the
affordability index will continue to
fall.