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Search Results for: Affordability

Tight Inventory Disrupts Pending Sales

...conditions. However, at some point‒‒and the sooner the better‒‒price growth must ease to a healthier rate. Otherwise sales could slow if affordability conditions worsen.” Yun expects 5.64 million existing-home sales...

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New Home Sales Up as Prices Rise

...would-be buyers on the sidelines.” Affordability has already proven to be a problem for many buyers, especially given the low inventory. First American’s Real House Price Index (RHPI) for February...

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Rising Real Home Prices Impacted by Inventory

...on affordability. Wages have grown by 2.8 percent in February. First American lists Jacksonville, Florida as the least affordable major city, as affordability fell 20.6 percent year-over-year. Affordability is affected...

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Builders Expect Strong Years Ahead

...Bank also surveyed builders about the challenges facing buyers today. The majority said financing approval and affordability, credit approval, and timeline constraints were the biggest issues. Builders also shared their...

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Fewer Homes Available to Moderate Earners

...“While large shares of available homes remain unaffordable to teachers, first responders, and restaurant workers in some the nation’s biggest markets, there are pockets of affordability in even the most...

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