Table 1: National housing outlook History Forecast 2015 2016 2017 2018 Home sales (thousands) Existing home sales 5,250 5,450 5,437 5,810 New single-family sales 501 561 598 700 Home sales (% change year ago) Existing home sales 6.3% 3.8% -0.2% 6.9% New single-family sales 14.6% 12.0% 6.6% 17.1% Median home prices ($ thousands) Existing home sales $222.4 $233.8 $247.2 $258.6 New single-family sales $296.4 $316.2 $315.4 $327 Median home prices (% change year ago) Existing home sales 6.8% 5.1% 5.7% 4.6% New single-family sales 4.8% 6.7% -0.3% 3.7% Affordability Housing affordability 165.7 164.8 162.1 149.9 index (*) (*) The housing affordability index
measures the ability of a family earning the median income to purchase a median-priced home.
In a release for its Housing Affordability Index
for the second quarter, the company said 18% of U.S.
RIGA -- Housing affordability in the capital cities of all three Baltic States improved in the fourth quarter of 2015, according to the latest Swedbank Baltic Housing Affordability Index
These trends in housing affordability can be measured more precisely by constructing a Housing Affordability Index
Wichita Falls is the most affordable area of the state, according to a Texas housing affordability index
produced by Texas A&M University's Real Estate Center.
of Realtors Cost of Living Mean HH Wealth and Housing Affordability Housing Affordability Index
Chicago 190 Denver 135 D.C 147 Boise 189 Colorado Springs 167 San Francisco 70 Boulder 127 Higher Housing Affordability Indices mean greater affordability Source: BLS American Community Survey; National Assoc.
The group used a variety of factors to hold small cities for evaluation including average lawyer salary, housing affordability index
(average percentage of income spent on housing), amenities (including arts, entertainment and recreation), and employment attractiveness rank (a combination of law job density, availability and competition).
The RBC Housing Affordability index
, compiled since 1985, looks at the calculated costs of owning a detached bungalow at the present market value.
The NAR's Housing Affordability Index
was 175.7 in February 2014.
They also acknowledge the impact of 'systemic indicators' (e.g., the Commonwealth Bank/HIA Housing Affordability Index
), which seek to determine the overall health of the sector and the influence of well-organised lobby groups in shaping the policy agenda; many of whom view the problem of housing differently and often seek to present their interests as synonymous with those of the general public (Burke & Tiernan 2002: 22, 14).
According to the California Association of REALTORS[R] (C.A.R.) First-time Buyer Housing Affordability Index
(FTB-HAI) is at an all time high.
This month's Home Value Forecast shows that Sacramento's housing affordability index
is at its highest level in years."