The 5 Lowest-Cost U.S. Housing Markets in 2014 Q1

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Local Market Reports

NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

  • The health of the local job market
  • Foreclosure rates
  • Housing inventory
  • Debt-to-income and mortgage-servicing-costs-to-income ratios

Metropolitan Median Area Home Prices and Affordability

NAR releases statistics on metropolitan area median home prices each quarter. This quarterly report includes a breakdown of condo and co-op prices by metro market.

Metropolitan Statistical Areas (MSAs) are as defined by the U.S. Office of Management and Budget and include the specified city or cities and surrounding suburban areas.