...country, housing market conditions will remain challenging for home shoppers this fall. MBA expects rates to move lower in the months ahead, which should help improve affordability slightly.” Affordability remains...
Read More »Search Results for: Affordability
Fannie Mae Examines Remote Work and Affordability
...opportunities could help with the current affordability of homes. According to an updated survey National Housing Survey (NHS) conducted by Fannie Mae, which now asks respondents questions about working and...
Read More »Pending Home Sales Continue to Improve
...posted monthly losses, sales in the South and West grew. Furthermore, all four U.S. regions saw year-over-year declines in transactions. "Markets with outright or relative affordability, as is often found...
Read More »Manufactured Housing May Be Viable Answer to High Real Estate Prices
...land is excluded from this analysis, the paper does acknowledge that land prices play a major role in home affordability. Specifically, as land prices increase, the proportional cost advantage of...
Read More »Regional Home Price Differences Continue to Be ‘Striking’
...housing market, the rental market in the West is the least affordable of the regions, though it has seen affordability begin to improve. Lower priced markets have seen affordability deteriorate...
Read More »Where Will Mortgage Rates Be at the End of 2023?
...mortgage rates, dragged affordability lower in June. The 30-year, fixed mortgage rate increased by 0.3 percentage points and nominal house prices accelerated by 0.8% compared with May. The Three Key...
Read More »Checking in With Single-Family Rent Growth Trends
While Americans nationwide struggle with housing costs and affordability, annual single-family home rent growth eased for the 14th consecutive month in June, registering a 3.3% gain, which remains in close...
Read More »Mortgage Rate Increase Slows HELOC Activity in First Half of 2023
...erode U.S. home affordability but also discourage homeowners from tapping loans against their accrued equity. While home equity lines of credit (HELOCs) and home equity loans gained popularity as owners...
Read More »Sun Belt, Florida Metros Remain Popular Despite Growing Climate Risks
As many Americans nationwide remain in search of more housing affordability, more than one-quarter—an estimated 25.8%—of homebuyers are looking to move to a different part of the country. That marks...
Read More »Despite High Rates, There are More Buyers than Inventory for Sale
...down slightly from a peak the day before but still close to its highest level in more than 20 years. To look at affordability another way, the monthly mortgage payment...
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