Metro areas where affordability has worsened over the last five years have seen a decline in job growth during that same period.
NAR is asking its 1.4 million members to help drive Census participation in their respective communities.
The survey tracks current renters and homebuyers' views, aspirations, expectations, and experiences regarding homeownership.
The West region reported the highest growth last month, while the other three major U.S. regions saw only marginal variances in month-over-month contract activity. Pending home sales were up nationally and up in all regions compared to one year ago.