...low unemployment and wage growth," said Ten-X Chief Economist Peter Muoio. "Looking forward, it's possible that higher mortgage rates may create yet another affordability obstacle for would-be homebuyers. In the...
Read More »Search Results for: Affordability
Limited Inventory Causes Pending Home Sales to Drop
...deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay," he said. This month, available homes are selling at a much faster...
Read More »Rising Interest Rates and Lack of Inventory Concern Homebuyers
...affordability for the first time in years. Another concern is the limited supply of homes in some areas. Sixty-five percent of respondents to the survey currently looking for a home,...
Read More »The Nation’s Top Appreciating Markets
...as some headwinds begin blowing in, including increasing mortgage rates and worsening affordability." Low inventory could also worsen the problem, as there are currently 3 percent fewer homes on the...
Read More »Existing Home Sales Jump, but Affordability Problems Linger
...inventory levels that are far from adequate and deteriorating affordability conditions." Typically, properties stayed on the market for 50 days, two days less than December and 14 whole days less...
Read More »High Interest Rates Discouraging Homeowners From Selling
...market and decreasing affordability, which modestly reduced first-time homebuyer demand.” Potential existing-home sales are 328,000 SAAR or 13.8 percent below the pre-recession peak of market potential according to First American,...
Read More »Housing Market Value Nears $24 Trillion
...expect an increase. This is likely due to expanding credit availability and continued housing affordability—factors that will likely be unchanged even if rates jump further. “Home prices are still very...
Read More »Which Capitals have the Most Livability?
...state capitols to live based on affordability, economic well-being, quality of education and health, and quality of life. Quality of life is measured by factors such as number of attractions,...
Read More »Building The Millennial Buy-In
...housing market due to rising interest rates and affordability. Millennials have also rented properties longer than previous generations, and 52 percent of buyers said they’ve considered renting for extended periods...
Read More »The Week Ahead: Will Affordability Remain a Concern?
All eyes have been on fluctuating home prices and affordability, and the index for the month of December showed an increase in existing-home sale prices, but a decrease in housing...
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