November 21, 2024 10:43 pm
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Q2 2017 U.S. median home price at least affordable level since Q3 2008

RealtyTrac

ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 U.S. Home Affordability Index, which shows that the U.S. median home price of $253,000 in the second quarter of 2017 was at the least affordable level since Q3 2008, a nearly nine-year low in affordability.

The national home affordability index was 100 in the second quarter of 2017, the lowest national affordability index since Q3 2008, when the index was 86, and meaning the share of average wages needed to buy a median-priced home nationwide was on par with its historic average (see full methodology below).

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