Key Highlights

Median home prices increased at least +10% in most of nation

  • Prices of single-family homes and condos during Q4 2020 less affordable in 55% of counties, up from 43% of counties one year ago
  • But rising wages and low mortgage interest rates helped keep median home prices close to affordable for average wage earners across country

ATTOM Data Solutions recently released its Q4 2020 US Home Affordability Report. This report indicated that affordability worsened in 55% of housing markets across the country and that median prices for single-family homes and condos increased at least +10% in most of the nation.

Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206.

Despite rising wages and historically low mortgage interest rates, 275 counties of the 499 counties analyzed for this Q4 report, or 55% of these counties, were less affordable than past averages. In Q4 2019, 217 counties were less affordable and in Q4 2017, 164 of these same counties were less affordable.

The driver of this majority level of unaffordability across the country was housing prices increasing at least +10% as the US housing market “…kept booming,” according to ATTOM.

 According to Todd Teta, chief product officer with ATTOM Data Solutions, “Owning a home in the United States slipped into the unaffordable zone for average workers across the nation in the fourth quarter as the numbers continued a year-long slide in the wrong direction…that’s happened as home prices have continued rising throughout 2020 and the housing market has remained remarkably resilient in the face of the brutal economic fallout form the coronavirus pandemic. The future remains wholly uncertain and affordability could swing back into positive territory. But, for now, things are going in the wrong direction for buyers.”

Get your free 2021 Fill In The Blank Business Plan Now. Simply TEXT 2021 to 855-685-1045.

Home price appreciation increased more that wage growth in over +90% of housing markets across the country but there were counties that were more affordable than their historic averages including, in no order:

  • Middlesex County NY MA – outside of Boston
  • New York County – Manhattan
  • Richmond County NY – Staten Island
  • Montgomery County MD – outside of Washing DC
  • Fairfax County VA – outside of Washington DC
  • King County WA 0 Seattle
  • Bristol County MA – outside of Providence RI
  • Onslow County NC – Jacksonville
  • Terrebonne Parish LA – Houma
  • Essex County MA – outside of Boston


Thanks to ATTOM Data Solutions.

URGENT: 2021 Results Released. New FREE On-Line Web Event Reveals 17 Surprising Secrets Of The Top 100 Millionaire Agents. Get Your FREE Spot For The On-Line Webinar Now. When You Attend This Event You Will Have A Sense Of Relief Knowing You Can FINALLY Laugh At Your Money Worries – If You Follow This Simple Plan. Learn How To Generate 100’s of Motivated Leads Without Coming Off As A Pushy Salesperson and Losing Your Soul. Learn Now How To Become One of the 1000s of Agents Making HUGE Money NOW Who Never Thought They Could.

YES, I Want To Attend The FREE Webinar! <——Click To Register
P.S. Free Webinar, Limited Space. Less Than 300 Spots Still Available.

Claim Your FREE Real Estate Treasure Map!