...when mortgage rates were 40-50 bps lower than today. As it stands, home affordability hit yet another 38-year low in September by way of spiking rates and prices, both of...

ATTOM has released its Q3 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable compared to historical averages in 99% of counties around the...

...time in 2019, prior to the pandemic. “Today’s home shoppers face considerable affordability headwinds, but many are planning a home purchase nonetheless,” said Realtor.com Senior Economic Research Analyst Hannah Jones....

...Vermont (128.7), and West Virginia (130.3). Homebuyer affordability decreased slightly for Black households, with the national PAPI increasing from 173.8 in July to 174.5 in August. Homebuyer affordability decreased slightly...

...to create affordability challenges for prospective buyers. Until rates start to come back down, we anticipate housing market activity will remain slow.” Despite a rate environment where the fixed-rate is...

...and originations declined markedly from the prior year, while rates, fees, discount points, and other costs increased. The report found that overall affordability declined significantly, with borrowers spending more of...

...affordability hurdle in the quest for housing for the nation’s home seekers. “August was the first month in which sales experienced mortgage rates near or above 7% since last November,...

...seasonal average, which reflects the pressure that higher mortgage rates have put on affordability,” said CoreLogic Chief Economist Dr. Selma Hepp. “As a result of the early 2023 growth, annual...

...a measure of housing affordability. In a recent report, Mark Fleming, Chief Economist at First American, details how lower nominal house prices, lower mortgage rates, higher incomes, or some combination...

...will see a new peak rent in 2023," said Jiayi Xu, Economist at Realtor.com. "Still, rents remain well above pre-pandemic levels, contributing to ongoing affordability concerns for renters, regardless of...