house prices

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First American says these two factors have re-shaped U.S. housing affordability

Oct 28, 2019By

In August, home prices fell 1.3%, declining 5.9% year over year, according to First American’s Real House Price Index. This means unadjusted house prices now sit 8.3% above the housing boom peak. When consumer house-buying power is factored in, home prices are actually 42% below their 2006 peak and 18.6% below prices from January 2000.

3d rendering of a row of luxury townhouses along a street

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