...only homebuyers but the mortgage market also. According to Freddie Mac’s forecast, the first of the year has been fraught with weaker affordability, though higher mortgage rates and home prices,...
Read More »Search Results for: Affordability
Where are Homeowners Spending the Most on Mortgage?
Mortgage affordability is at its worst point in a decade, according to Zillow. A new report from the company finds that buying and owning a home in Q1 was at...
Read More »Houses are Better Today. Housing, Not So Much
...inequality “has helped to fuel today’s housing affordability challenges.” The study garnered an immediate reaction from industry insiders. Danielle Hale, Chief Economist for realtor.com, said the racial gaps present in...
Read More »Fannie Predicts Economic Headwinds and Opportunities for 2018
...contributing to affordability concerns,” he said. Overall, Fannie said in its June reports that it “sees a mostly balanced upside and downside risks to its forecast.” On the upside, there's...
Read More »First-time Homebuyers Remain Unfazed by Rising Rates
...35.3 percent of professionals responding to First American’s survey. Affordability ranked second, indicated as a top concern for 30.1 percent of professionals, followed by down payment obstacles, which ranked highest...
Read More »The Next Gap in Housing: Homebuyer Knowledge
...the biggest barriers to affordability, but nearly half of Americans are currently unfamiliar with alternative down payment options,” the report states. Similarly, the National Association of Realtors found that, in...
Read More »Is Home Affordability at Breaking Point?
...a sense of where affordability could be heading over the next five years and found that at the current pace of increases, affordability was an unsustainable prospect. In the first...
Read More »Younger, Educated Job Seekers More Likely to Move
...move “regardless of a city’s affordability,” while also noting that many of these jobs earn lower than the median national salary of $51,975. While Glassdoor did not mention moving costs...
Read More »Why Did Mortgage Rates Decline?
...year ago.” Heading into the peak homebuying season, he anticipated a strong demand even though “affordability pressures continue to put a strain on the budget of some would-be buyers.” “Homebuyers...
Read More »Examining Tax Reform’s Impact on Housing
...challenges, such as affordability and an ongoing shortage in housing, coupled with a decline in the unemployment rate and a robust stock market, “make it even harder to disentangle the...
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