RealtyTrac: Buying a home is unaffordable in 18% of counties

When home prices were least affordable nationwide in Q2 2006, the average wage earner needed to spend 53.2 percent of monthly wages to buy a median priced home. What this simply means is that while few will want to admit it, the bubble conditions of an unaffordable (for most) housing bubble have returned.

KEYWORDS Foreclosed homes Mortgage RealtyTrac U.S. housing. it is bad news for buyers and renters and could be bad news for all if.

About RealtyTrac Inc. RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides.

Wage growth is finally starting to outpace home-price appreciation, breaking a four-year trend. However, affordability continues to be an issue, with 18% of county housing markets unaffordable in the second quarter.

NY appellate court scrutinizes the MERS standing issue the sale. Defendant argues that plaintiff Mortgage electronic registration systems, Inc. (MERS), did not have standing to prosecute this foreclosure action and, thus, the circuit court orders rendered in favor of MERS were void. For the reasons that follow, we affirm the judgment of the circuit court. I. BACKGROUNDManhattan real estate has never been more expensive Not likely. Boston’s real estate market has been red hot over the last ten years, but there are signs that it’s slowing down. [1] Besides, you really can’t compare Manhattan and Boston, they are just too different. Manhattan has a population of 1..

Home Prices Less Affordable Than Historic Averages In 78 Percent of. now lives in counties where buying a median-priced home requires at.