...Realtors’ (NAR) quarterly Metropolitan Median Area Prices and Affordability report released on Monday. Compared to the same period last year, home sales were down 1.7 percent. The quarterly report looks...
Read More »Search Results for: Affordability
10 Most Affordable Cities for Teachers
...Pittsburgh, Pennsylvania, making it the top ranking city for teachers in terms of home affordability. This was despite the overall affordability of homes going down 12.4 percent since 2012. The...
Read More »Home Prices Started the Year Out Right
...fixed interest rate during that same time frame, is creating a tighter affordability climate. We have now seen monthly increases in the national median home price for 27 of the...
Read More »Homeowners Are Bullish About Housing—Buyers Not So Much
Inventory and affordability squeeze aside, consumer sentiment about the housing market rose in April going into the home buying season, according to the latest Fannie Mae Home Purchase Sentiment Index...
Read More »Worries Climb Over Rising Home Prices
...“The dream of homeownership continues to fade away for the average prospective buyer,” he said. “Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis progressively worse.”...
Read More »How Will Insurance Rate Reductions Impact Mortgage Affordability?
Since 2015, FHA mortgage loans have been more attractive than private or GSE loans for borrowers. But that might be changing according to a recent report by the Housing Finance...
Read More »What’s Restricting Home Affordability?
...affordability. The report revealed that two powerful factors affected affordability in February—the shortage of housing supply and rising mortgage rates—even as homeowners gained equity and the economy remained strong. “Two...
Read More »Existing Home Sales Grow, But Not Like 2017
...Association of Realtors (NAR) on Monday. However, sales remained 1.2 percent below the same period last year as a shortage of inventory and affordability constraints kept sales activity below the...
Read More »Rates Rise after Eight Weeks of Stability
...were one year ago as result of rising prices and mortgage rates,” said Hale. “Looking at a range of incomes, Hawaii, California, and Oregon had the lowest affordability scores which...
Read More »For More Affordable Homes, Move to the Middle
...examines the affordability of current housing inventory at various income levels and assigns an affordability score to each state and the 100 largest metros. Ohio has the most affordable housing...
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