...afford to buy a home—and that’s due to down payments. “Rent is more expensive than ever before,” Zillow reported. “Affordability is a growing concern across the country, and rent requires...
Read More »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...
Read More »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...
Read More »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...
Read More »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...
Read More »Inventory, Affordability Problems Can’t Keep Buyers Away
...markets from realizing their full potential this spring.” Even declining affordability—which dipped in January—isn’t stopping buyers from purchasing homes, Fleming said. “While affordability declined slightly in January, it is not...
Read More »Low Inventory Continues to Impact the Market
Housing inventory is tightening, and affordability is falling, so how will the industry react? Freddie Mac’s monthly Outlook for April took a look at how the dwindling inventory will impact...
Read More »Existing Home Sales, Prices Continue Gaining Ground
..."The strong housing demand, coupled with a shortage of available homes for sale, is pushing prices higher as would-be buyers try to purchase before affordability gets worse." Home prices also...
Read More »Tampa, Dallas Top Single-Family Housing List
...analysis, like Los Angeles and San Francisco, are beginning to show signs of weakness due to prices that have risen high enough to impact affordability." Population growth, a healthy job...
Read More »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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