...lack of equity, and sheer affordability—first-time buyer households typically will need to spend nearly 39 percent of their monthly income to purchase a home, according to Trulia. Zillow’s chief marketing...

...Wells, Fargo, and Quicken Loans, may give the homeownership rate a lift, Richardson said, and may attract more millennial buyers. Despite affordability pressures and an ongoing inventory shortage, Richardson said...

Affordability is strong in the U.S. housing market for now, according to Arch Mortgage Insurance, but how much longer will that be the case? Arch MI’s Winter 2017 Housing and...

...failed deals for first-timers is sheer affordability. Even if first-time buyers can find a home, they may not be able to afford it, as households typically will need to spend...

...to an ongoing shortage of homes available for sale, NAR reported. Not only that, but the abrupt increase in mortgage rates adversely affected affordability, according to Lawrence Yun, Chief Economist...

...to the MI premium would not help affordability, but would have the opposite effect. “The higher mortgage rate, combined with house prices that have continued to rise briskly in many...

...rates this year. ATTOM’s 2017 Rental Affordability Report, based on data from the U.S. Department of Housing and Urban Development, the Bureau of Labor Statistics, and public record sales deed...

...affordability and other factors, Zillow data shows that young adults are renting for longer periods of time before buying their first home. In recent years, more millennials are finding themselves...

...to outpace gains in wages and personal income. Affordability measures based on median incomes, home prices and mortgage rates show declines of 20-30 percent since home prices bottomed in 2012....

...to sales growth in the way of tight inventory, low affordability and the likelihood of mortgage rate increases, solid fundamentals continue pointing to the overall health of the housing market."...