Tag Archives: Affordability

A new study reveals the top 10 most affordable states where mortgage holders spend below 25% of their monthly income on their mortgage payments.

As Americans hold tightly to their low mortgage rates, more than 90% of homeowners remain financially disincentivized from selling their homes, as it would cost more to borrow the same amount of money they owe on their current mortgage. A new study from First American dives into the situation.

"The economy is now slowing from the otherwise robust first estimate of third quarter growth," said Doug Duncan, Fannie Mae SVP and Chief Economist.

Household salaries since 2000 have failed to keep pace with house-price inflation, making homeownership more elusive than ever.

As home prices hit a new peak for the seventh consecutive month in October, sellers continued their "suppliers’ strike," further constraining the market, according to First American's latest Home Price Index report.

While limited supply remains one of numerous challenges for homebuyers, a new Realtor.com study revealed down payments hit a new peak in Q3, fueled in part by October mortgage rates hitting their highest levels in more than two decades.

As homebuyer demand cools as a result of October mortgage rates hitting their highest level in over two decades, a new Redfin report showed that the share of home sellers offering concessions to attract more buyers is increasing, as some experts say house hunters are "pickier than ever before."

A new report from NAR has found that the typical home buyer's annual household income has climbed to a new record high in the wake of rising home prices and mortgage rates.

While available rental inventory has increased, the overall rental vacancy rate hit nearly 7% in Q3, representing the highest level since 2021. A new Redfin report shows asking rents continuing to linger just below their record high from October.

A new study has found that housing authorities rolled out a number of homebuyer assistance programs in Q3 to assist buyers and take the edge off of monthly mortgage payments.