At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago.
Housing affordability declined from a year ago in July moving the index down 8.2 percent from 151.2 to 138.8. The median sales price for a single family home sold in July in the US was $272,300 up 5.2 percent from a year ago.
Nationally, mortgage rates were up 61 basis point from one year ago (one percentage point equals 100 basis points).
A former member of the Platinum Air Miles Club for frequent flyers, Rob now enjoys being a little bit more grounded while assisting customers for life buy and sell homes while now traveling for fun! He's an avid hockey fan, and still playing once a week with guys much younger, for the most part, than him, enjoys wheat beer, good red wine, family, volunteering and warm weather, not hot! Warm…
Latest posts by Robert Lambert (see all)
- July 2018 Housing Affordability Index - September 21, 2018
- REALTORS® Confidence Index Survey: August 2018 Highlights - September 21, 2018
- Open House this Saturday August 18th 11:00am to 1pm - August 16, 2018