...emerging. Dietz revealed that increased construction activity in lower-density markets was already occurring as part of the housing affordability crisis. He added that the pandemic’s acceleration of more remote and...
Read More »Search Results for: Affordability
Q3 Report: Home Prices Outpacing Incomes
...too high for most to consider buying. "Favorable mortgage rates will continue to bring fresh buyers to the market," said Lawrence Yun, NAR chief economist. "However, the affordability situation will...
Read More »Why Is Housing Affordability Declining?
The National Association of Home Builders (NAHB) reported that housing affordability declined during the third quarter of 2020, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). This has been...
Read More »Golden State Voters Strike Down Proposed Property Tax
A referendum to change how California enacts property taxes, which some argued would address California's housing affordability issues, was defeated by the state’s voters. Proposition 15 was designed to create...
Read More »Economy Experiences “Uneven Recovery” Despite Jump in New Jobs
...a landscape of uncertainty and a looming crisis if nothing is done. Housing markets are mirroring this divided, K-shaped economy. Along with a solution to COVID, housing accessibility and affordability...
Read More »30-Year Fixed-Rate Mortgage Hits Record Low
...considerably higher than a year ago. The steep price gains are placing affordability front-and-center. For buyers looking to purchase the median-priced home this month, the monthly mortgage payment will be...
Read More »Charting Older Adults’ Access to Housing
...categories, including housing affordability, accessibility, and options. The categories are explained further here. "Using data from the Index and the American Community Survey, our report finds that renters and Asian...
Read More »Home Prices Spike at Greatest Appreciation in Six Years
...by September 2021 as the evaporation of affordability opportunities and increased for-sale inventory will slow price appreciation. However, CoreLogic added that home price performance might be more vibrant if a...
Read More »2020 Originations on Track for $4 Trillion Mark
...if not longer.” Furthermore, Black Rock noted that a combination of low rates, low inventory, and improved homeownership affordability opportunities created upward pressure on home prices that resulted in the...
Read More »Q3’s ‘Clear Return’ for Home Price Appreciation
...it is not unlikely that as prices continue to rise, affordability concerns may begin to cool appreciation rates in some markets.” The Radian HPI is calculated based on the estimated...
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