buyer confidence: Will Home Affordability Slip Out Of American's Reach? - 08/16/12 10:32 PM
 
A few less Americans were able to purchase their home and fulfill the purported American Dream according to the National Association of Home Builders.
Nearly 74% of the new and existing homes sold in the three months ended June 30 were affordable to families who earn the national median income of $65,000, according to the National Association of Home Builders (NAHB) and Wells Fargo. That's down from 77.5% three months earlier, but is still considered a high level of affordability. It is believed that rising prices were responsible for the decline in affordability.
 
 
Median home prices were … (1 comments)

buyer confidence: June Was An Anomaly? - 07/30/12 10:41 PM
 Looking back on the Commerce Department's report that June's new home sales fell by 8.4% to a seasonally adjusted 350,000 annual rate of homes sold, was not expected. Although many economists were surprised at the sudden drop in sales after promising growth in housing, most are unfazed.
May’s new home sales were just recently revised to show a gain of 15,000 units sold, showcasing a 15.1% increase in new home sales since last June.   Also, areas like Southern California and Chicago have experienced a rise in housing prices, as supply stagnated, which increased the number of bidders per house. 
But … (2 comments)