The National Association of Realtors quarterly home prices increased again this quarter. With inventory, being an issue in certain metro markets affordability may become a challenge for potential homebuyers. Here is a look at the metro areas for the top five most and least affordable of the fourth quarter 2016 as well as a look at the median existing single-family home price year over year percentage change for the top five highest and lowest growth metro areas of the fourth quarter 2016.
These are the most affordable metro areas for the fourth quarter 2016:
These are the least affordable metro areas for the fourth quarter 2016:
These are the top five metro areas that had the highest home price appreciation:
These are the bottom five metro areas that had a decline in home price appreciation:
Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.