WASHINGTON (August 11, 2015)-- A promising climb in home sales throughout the country amidst insufficient supply caused home prices to steadily rise in most metro
areas during the second quarter, according to the latest quarterly report by the National Association of Realtors ®.
Lower interest rates and a slight rise (0.7 percent) in the national family median income ($ 64,751) led to improved buying power in a majority of metro
areas during the second quarter.
Not exact matches
Drilling of three of these target
areas is underway with the remainder set to commence
during the
second quarter of 2018.
Students then declare an
area of concentration and,
during the
second and third
quarters, produce twelve pieces for the portfolio's Concentration section.
The latest sales data from The National Association of Realtors shows the metro
areas median home price rose from $ 168,400
during the first
quarter to $ 173,900
during the
second.
During the
second quarter, median existing single - family home prices rose in 83 % of metropolitan statistical
areas, according to newly released data from the National Association of Realtors.
Among smaller housing markets, Fairbanks, Alaska topped the affordability chart with 98.7 percent of homes sold
during the
second quarter being affordable to families earning the
area's median income of $ 92,900.
The most affordable major housing market in this year's
second quarter was Youngstown - Warren - Boardman, Ohio - Pa., where 93.4 percent of homes sold
during the period were affordable to households earning the
area's median family income of $ 55,700.