...may be a result of a “relaxing of affordability pressures” as mortgage rates eased in 2019. Mortgage rates declined over the first three quarters of the year and were down...
Read More »Search Results for: Affordability
Add Virginia to States Straying From Single-Family Housing
...duplex homes, townhouses, and cottages in any place currently zoned for single-family housing. City Lab states Virginia is struggling with affordability and shortages, with interest in the market growing with...
Read More »Reversal of Fortune for Mortgage Rates in Coming Year?
...since November 2018 have boosted affordability. LendingTree adds that a trade war and slower global growth could push rates lower, but growth concerns or a possible recession could drive rates...
Read More »Wells Fargo, Habitat for Humanity Reviving Homeownership
...the housing affordability crisis over the next six years. “Housing affordability is a major issue affecting communities across the U.S., as far too many families struggle with the burden of...
Read More »Housing Affordability Takes a Hit During Q4
...year-over-year. The report determined affordability by calculating the amount of income needed to make monthly house payments. “Home prices rose across the country by 9% year-over-year in Q4 2019, and...
Read More »Mortgage Outlook Forecasts Next Year’s Performance
...sluggish GDP growth, lowering home prices in wealthier markets, as well as limits in affordability. The report also points to tax changes from 2018 possibly being the culprit having affected...
Read More »Philadelphia and Wells Fargo Reach $10M ‘Collaboration Agreement’
...includes a $1 billion commitment over the next six years to address the U.S. housing affordability crisis,” Kirk said. In addition to the financial commitment, Pratt said, “We are also...
Read More »Homebuyers’ Shifting Priorities
...will be those focused on affordability, relative to nearby pricey metros. "The cities that we expect to do best in 2020 are not necessarily big, fancy, coastal cities, but secondary...
Read More »Unlocking a New Wave of Innovation
...on volume and profitability from those focused on ensuring the affordability and sustainability of loans. This could be modeled of the success of the appraisal independence requirements of FIRREA in...
Read More »Builder Sentiment Hits Highest Mark in 20 Years
...“Higher development costs are hurting affordability and dampening more robust construction growth,” the NAHB said. The HMI gauges builder perceptions of current single-family home sales and sales expectations for the...
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