...development and construction loans, which harms supply and contributes to lower housing affordability.” Since late September, mortgage rates are up nearly 40 basis points to 7.57%, according to Freddie Mac....

...of their down payment funds. Affordability is the greatest hurdle facing first-time home buyers, and it now takes an average of nearly 12 years for a typical first-time buyer to...

...4.68 million in September 2022). "As has been the case throughout this year, limited inventory and low housing affordability continue to hamper home sales," said NAR Chief Economist Lawrence Yun....

Further stretching affordability for potential buyers, Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 7.63% for the week ending October 19, up...

...annual fall slowdown, especially at a time when mortgage rates are rising again, home affordability is getting tougher, and the potential for a recession hangs in the air. But the...

...mortgage rates have a dual impact on the housing market – reducing affordability for buyers and strengthening the rate lock-in effect for potential sellers,” said Mark Fleming, Chief Economist at...

...from 10.2% the week prior, while the USDA share of total applications remained unchanged at 0.5% from the week prior. With prospective buyers continuing to struggle with affordability issues, Redfin...

...been taking a meaningful toll on affordability. According to the most commonly accepted measure of housing affordability, a household is considered “cost-burdened” if housing costs eat up more than 30%...

...trade groups would reduce the historically large spread between 30-year mortgage rates and 10-year Treasuries to promote homeownership affordability. “With housing accounting for nearly 20% of the nation’s gross domestic...

...6.7% on a Q4/Q4 basis. The ESR Group continues to expect home price growth to decelerate in 2024 as affordability remains extremely constrained. The ESR Group notes that further declines...