The U.S. housing stock is still a big drag on the country’s economy, but that is no longer the case, according to a new survey from real estate firm CoreLogic.
The survey shows the nation’s stock of housing units dropped slightly last year from 2016, dropping by 1.3 million units.
The decline in stock is due to the fact that prices are still too low, the firm said in a report on Thursday.
The latest figures are for a year-end survey of 4,000 households conducted by CoreLogics, which surveyed the housing market across the country.
The number of homes sold in the U.s. in 2017 dropped by more than 1 million units, CoreLogis survey found, down from 2.3 percent to 2.1 percent.
CoreLoges survey is a monthly survey of a representative sample of U. s households.
It comes after the U the housing sector has fallen by more then 20 million units since the start of the year.
The country has shed more than 3.4 million homes over the past year.
Core-Logic’s survey, however, is more than just an annual snapshot.
It also provides data on the quality of housing in the country and its price-to-rent ratio, which measures how many houses are available for rent in a given area.
The report found that in 2017, the housing stock in most metropolitan areas is in the bottom half of the world.
Corelogic’s data also shows the housing affordability situation for the country, and shows that the median price of a home in the nation was $8,600 in the fourth quarter.
In other words, if you live in the Bay Area, the average cost of a median-priced home was just $7,200, according the report.
But the median cost of rent in the region was $1,400.
That means if you are renting an apartment in the San Francisco Bay Area and it costs you $2,500 a month to live in your home, it could be cheaper to buy a home elsewhere in the city.
For a typical American household, that is less than half the median rent.
The median price also decreased across the board, with the Bay area losing the most units.
But prices still aren’t getting any cheaper in the cities.
In fact, Core-logic found that the price of homes in San Francisco, Oakland, San Jose and Sacramento had the highest median price for a single-family home.
The price of condos in those cities also jumped in the last year.