Start at the Bottom, Go Toward The Top

“Pending home sales increased in August, a welcome rebound after a prior month of declines, according to the National Association of Realtors.”

Redfin – “Together, Homebuyers Who Bought at the Bottom of the Market in 2012 Have Earned $203 Billion in Equity” (9-26-2019)

“People who purchased homes in 2012, the year prices reached their lowest point following the Great Recession, have earned a total of $203 billion in home equity. Individually, the typical 2012 homebuyer has earned $141,000, or 261 percent, in home equity.”

ATTOM Data Solutions – “Median-Priced Homes Remain Unaffordable for Average Wage Earners in 74 Percent of U.S. Housing Markets” (9-26-2019)

“ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Q3 2019 U.S. Home Affordability Report, which shows that median home prices in the third quarter of 2019 were not affordable for average wage earners in 371 of 498 U.S. counties analyzed in the report (74 percent).”

HousingWire –

“Reflects downward changes to personal consumption expenditures and nonresidential investment.”