You’re our first priority.
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
In June, home prices fell 2.2%, decreasing 4.6% year over year, according to First American’s Real House Price Index. Despite this decline, consumer buying power ticked up 3.3% between May and June, increasing 12.2% on an annual basis. This means home prices are actually 41.3% below their 2006 peak. First American Chief Economist Mark Fleming said that June's housing affordability was attributed to declining mortgage rates and the nation's rising household incomes.