...resource company, took seven factors—affordability, political & social environment, employment, quality of life, health, personal finance, and safety—to find the best, and worst, states where millennials can thrive. Now the...
Read More »Search Results for: Affordability
Fannie Mae Study: Why Homeowners Are Staying Put
...National Housing Survey Lead detail the current trends surrounding the housing market as affordability remains a challenge for Americans nationwide. In 2022, mortgage rates doubled, but consumers have adjusted to...
Read More »Mortgage App Volume Falls for Third Straight Week
...week prior. "As higher rates continue to impact affordability and purchasing power, ARM loans increased almost 10% last week, and continued to gain share, growing to 10.7% of all applications,”...
Read More »Nearly Half of All Americans Believe Now is a Bad Time to Buy
...continuing to hang onto their low mortgage rates. Millions of homeowners locked in record-low mortgage rates in 2020 and 2021, but today’s would-be homebuyers face limited choices and an affordability...
Read More »Updated Home Price Index Report Reveals It’s Better to Rent—For Now
...an annual basis, dragging housing affordability to the lowest point in over three decades. Two factors drove the sharp annual decline in affordability—a 5.4% annual increase in nominal house prices,...
Read More »Midwest Markets Gaining More Popularity
...strides towards affordability, and as a result, Fall 2023’s emerging markets continue to lean heavily on outright or relative affordability. The lowest-priced locale on the list, Springfield, Ohio, offered 54%...
Read More »YoY, MoM Increases in Home Prices: Now at All-Time High
...“Rising mortgage rates continue to depress housing supply and suppress affordability, chilling the housing market. Preliminary September house price data suggests that the lack of supply is constraining the market...
Read More »Home Affordability Impacting Buyers Across Multiple Cohorts
...for mortgage rates to drop as higher prices affect affordability (18%) and buyers are waiting for prices to drop (9%). These three factors greatly impact affordability since limited inventory drives...
Read More »Biden Administration Unlocks Plan to Bolster U.S. Housing Supply
The U.S. Department of Housing and Urban Development (HUD) and the Biden Administration have announced important updates that will help support the nation’s housing supply, and improve housing affordability. The...
Read More »Austin’s Housing Fortunes Flip
While housing competition tightens, fueled by declining affordability and overall supply, homebuyers are still purchasing homes despite the average 30-year-fixed mortgage rate hitting 8% for the first time in 23...
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