...few months back, and we don’t see much upside to the index in the near future, barring significant improvements to home affordability, which we also don’t expect.” “While renters are...
Read More »Search Results for: Affordability
Mortgage Rates Top 7% for Fourth Straight Week
...the face of affordability challenges, are straining potential homebuyers.” Also this week, Freddie Mac reported the 15-year FRM averaging 6.52%, down from last week when it averaged 6.55%. A year...
Read More »Rising Home Prices Fueled by Ongoing Supply Shortage
While mortgage rates continue to inch down from their recent peak, overall housing affordability isn’t improving at a rapid pace, according to a new report from Redfin. With the median...
Read More »Average New Mortgage Payments up 60% in Last Two Years
...talking about affordability for quite some time now, but this puts the situation in stark relief. "Rates aren't just hampering prospective homebuyers, though. While tappable equity levels have returned to...
Read More »Overall Mortgage App Volume Falls to 27-Year Low
...a rise in home prices has been added to affordability hurdle, as Redfin reports the median home-sale price rose 5% year-over-year to $380,000, representing the biggest uptick in 10 months....
Read More »Homeseekers Now Adding Climate Concerns to Shopping Considerations
...identical climate risks; only 23% reported that they are considering homes in areas that they believe to be safer from the dangers of climate disasters. Still, affordability is still the...
Read More »Renters Raising Families Eyeing the Lone Star State
...ranked one of the best states for property owners/investors, according to LandlordForm’s “Eight Best States to Invest in Real Estate in 2023.” Population growth, job growth, and affordability made the...
Read More »Single-Family Home Sizes Shrink in 2023
...began escalating in 2022, and as affordability wanes, demand for larger homes has trended downward, according to second quarter 2023 data from the U.S. Census Quarterly Starts and Completions by...
Read More »Home Price Index Reveals Record-High Prices; Early Signs of Market Shift
...which is unlikely given how tight affordability has become – it would result in annual gains returning above 7.5% by the end of the year. Either way, further acceleration in...
Read More »Low Inventory, High Demand Boosts Home Prices
...Danielle Hale, Chief Economist for Realtor.com. "The inventory crunch continues to put upward pressure on home prices, amplifying affordability concerns and shutting some potential buyers out of the market. However,...
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