...much of the country and persistently high mortgage rates. Declining affordability has led to price adjustments. Roughly 7% of U.S. homes for sale had a price drop during the four...
Read More »Search Results for: Affordability
How Many U.S. Regions Reported YoY Declines of Pending Home Sales?
...is likely to remain steady, at a low level, over the next few months as limited options and significant affordability headwinds weigh on buyers. Existing home sales fell to a...
Read More »Continued Mortgage Rate Hikes Subduing Homebuyer Demand
...affordability remains a significant hurdle for many, and the only way to address it is lower rates and greater inventory.” Also this week, the 15-year FRM averaged 7.03%, up 11...
Read More »Average Nationwide Mortgage Payment Drops Slightly in September
...analyzing buyer type, homebuyer affordability increased slightly for Black households, with the national PAPI decreasing from 176.0 in August to 174.8 in September. Affordability increased slightly for Hispanic households, with...
Read More »Austin Real Estate Losing Steam (But Is That a Good Thing?)
...Monthly mortgage payments have doubled since before the pandemic. Soaring mortgage rates exacerbated Austin’s affordability problems, making monthly housing payments even more expensive than they already were with increasing prices....
Read More »Survey: Americans Want Their Voices Heard in Affordable Housing Discussions
...houses and condominiums (44%) Additionally, one-third of Americans (35%) believe housing affordability would be improved in their communities if local residents had a greater voice in their support for affordable...
Read More »Midwest Ranked Most In-Demand Rental Region for October
...offer a good balance between quality of life, job opportunities, and affordability. Top 10 Cities for Rental Activity in October by Region: Overland Park, KS Kansas City, MO Minneapolis Cincinnati...
Read More »Homes Becoming More Out of Reach, Even for Top-Earners
...or mortgage with high incomes. However, the combination of the affordability crisis and near 8% interest rates are wreaking havoc on what median-income earners—and even top-earners—are able to qualify for...
Read More »23-Year-High Mortgage Rates Further Suppress App Volume
...decreased to 0.4% from 0.5% the week prior. As affordability issues continue to cloud the plans of many prospective buyers, the U.S. Census Bureau and the U.S. Department of Housing...
Read More »New Home Listings on the Rise
...did so within two weeks, up from 32.6% a year earlier—a sign of homebuyer competition. Starter homes are particularly competitive right now, Redfin agents say, because housing affordability has fallen...
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