...in North America and created an “affordability ratio” by dividing median home sale price by the yearly median income for that area. Put simply, Point2 Homes affordability ratio estimates how...
Read More »Search Results for: Affordability
Rent Gap Proves Homeownership Is Cheaper?
With rising interest rates, growing home prices, and high rental costs, it can be difficult to decide whether to buy or to rent—in terms of affordability. According to a recent...
Read More »Weighing the Pros and Cons of Rising Home Prices
...mortgage risk,” said President and CEO of CoreLogic Frank Martell. Martell explained that for entry-level renters and first-time homebuyers, however, it leads to tougher affordability challenges. In fact, according to...
Read More »FHFA: House Prices Remain on the Rise
...the third quarter were generally robust and widespread. At some point, declining housing affordability should temper appreciation rates in some of the nation's fastest appreciating markets, but our third quarter...
Read More »Pending Home Sales Increase: Is it Enough?
...last year’s data by 0.6 percent. NAR’s Chief Economist Lawrence Yun attributes this to the supply and affordability challenges the market experienced most of the year. “Although homebuilders are doing...
Read More »Borrowers: Mortgage Loan Limits are on the Rise
...shortage of housing supply, price increases in the third quarter were generally robust and widespread. "At some point, declining housing affordability should temper appreciation rates in some of the nation's...
Read More »Up, Up, and Away . . .
...and wages rising at 3 percent or more.” However, there are other housing indicators that will have the market dealing with confronts. “One dark cloud for housing is affordability—rising prices...
Read More »The Week Ahead: U.S. Banking Committee to Focus on Powell & Montgomery
...U.S. Department of Housing and Urban Development. Other Events This Week: Zillow Rent Affordability report, Wednesday MBA's Weekly Applications Survey, Wednesday, 7 a.m. EST Freddie Mac Primary Mortgage Market Survey,...
Read More »Building and Listing Activity Give Homeowners Reason for Positive Attitude
...days home are on the market, average sales price, the percentage of the list price received, housing affordability, the inventory of homes for sale, and the months supply of inventory....
Read More »Mortgage Volume Increasing, Along With Mortgage Risk
...tried—and it failed,” Peter said. “For the last four years, more first-time buyer leverage in a seller’s market has gotten capitalized into higher house prices, thus crimping affordability.” So what’s...
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