...the report new construction is often priced at $250,000 or above, creating more competition for middle-income and first-time buyers who want to purchase existing homes for affordability in these regions....
Read More »Search Results for: Affordability
Good News for Sellers as Home Prices Rise
2018 might see first-time homebuyers facing higher rates of price growth for starter homes and further erosion of affordability according to the Home Price Index (HPI) for November 2017 and...
Read More »Top 5 Housing Predictions for 2018
...we knew this already. However, millennials may want other things in life more than homeownership, or they don’t want to be “house poor.” Affordability is the top barrier to home...
Read More »Existing Home Sales Reach 11-Year Peak
...with increasing mortgage rates, could pose an affordability problem for many buyers come 2018. “The anticipated rise in mortgage rates next year could further cut into affordability if these staggeringly...
Read More »5 Market Conditions to Impact the Housing Industry
...prices continue to climb, interest rates rise, and affordability challenges remain the biggest obstacle for many potential homebuyers. Increased competition and tighter margins will lead to additional industry consolidation. Smaller...
Read More »Fannie Mae Offers $10M to Solve Affordability Issues
Fannie Mae is offering $10 million for solutions to the country’s affordable housing issues. The government-sponsored enterprise issued its Sustainable Communities Innovation Challenge earlier this week. As part of the...
Read More »New Home Sales Approach a 10-Year High
...as it struggles to balance strong demand and house price appreciation with inventory shortages and affordability concerns,” Doug Duncan, Chief Economist at Fannie Mae, said. As a percent of real...
Read More »Persistent Housing Price Gains Hurting Affordability
...affordability," David Berson, SVP and Chief Economist at Nationwide, said. The report noted that house price gains continued to run at a pace well above the long-term average as historically...
Read More »What’s Keeping Millennials From Buying a House?
Eight in 10 millennials want to buy a home, but lack of affordability is one of the key reasons that’s delaying their decision to become a homeowner according to the...
Read More »Top 3 Factors Impacting Housing Affordability
As 2017 starts to wind down, CoreLogic’s Chief Economist Frank Nothaft analyzes what he predicts will be the central theme for the 2018 housing market—the continuing erosion of affordability. Although...
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