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Affordability Declined for Third Consecutive Month

Affordability Declined for Third Consecutive Month
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House Prices Are Rising Fast, but Many Housing Markets Remain Undervalued, According to First American Real House Price Index

House Prices Are Rising Fast, but Many Housing Markets Remain Undervalued, According to First American Real House Price Index
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Super-Sellers' Market May Hinder Affordability Outlook for 2021, According to First American Real House Price Index

[December 28, 2020]
Super-Sellers Market May Hinder Affordability Outlook for 2021, According to First American Real House Price Index
First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the October 2020 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels.
Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability. ....

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