...in favor of increased affordability—continued strong household income growth and declining mortgage rates,” said First American Chief Economist Mark Fleming. “Nationally, affordability improved on a year-over-year basis for the first...
Read More »Search Results for: Affordability
California Housing Market Driving Millennials Back to Parents’ Doorsteps
...home.” Affordability remains in issue in the Golden State, as a report last month from Trulia found that California had four of the five priciest metros in the nation: San...
Read More »Falling Mortgage Rates Generate Surge of Potential Refinance Candidates
...12%. Affordability for homeowners received positive news, as of those 85 markets, 65 of them saw slowing at the lower end of the market. CoreLogic reported that 31.1% of homes...
Read More »What Homebuyers Need to Learn
...affordability is improving, affordability is still a problem for homeowners as well as renters in many metro areas. According to Freddie Mac, the largest metro areas are the most rent-burdened....
Read More »The Week Ahead: Studying Home Prices, Millennials
...increased affordability—continued strong household income growth and declining mortgage rates,” said First American Chief Economist Mark Fleming. “Nationally, affordability improved on a year-over-year basis for the first time since 2016.”...
Read More »The Decline of Pending Home Sales
...California, Seattle-Tacoma-Bellevue, Washington, San Francisco-Oakland-Hayward, California, Portland-Vancouver-Hillsboro, Oregon-Washington, and Nashville-Davidson-Murfreesboro-Franklin, Tennessee, saw the largest increase in active listings in April compared to a year ago. While affordability is improving, affordability...
Read More »Measuring Price Pressure in the Housing Market
Affordability continues to improve across the nation, as CoreLogic reports that 31.1% of homes sold in March were at or above the list price, returning to levels from 2000 and...
Read More »Analyzing Housing Affordability
Housing affordability is a growing issue, and according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI), exurbs—outlying counties of large metro areas with at...
Read More »Mortgage Rates’ Downward Trend
...affordability also increased for the first time since March 2016. “In March, two main components of the RHPI swung in favor of increased affordability—continued strong household income growth and declining...
Read More »Gauging Housing Affordability and Inflation
...Real Home Price Index (RHPI), affordability also increased in this time, up for the first time since 2016 in March. Additionally, First American notes that real home prices, or home...
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