...one year ago, sales are down in all four regions by a roughly similar magnitude ranging from 14.3% to 17.1%. With affordability top of mind for buyers, sales activity is...

...Nine of the 10 most popular destinations have lower median sale prices than the most common origin of buyers moving in, and many homebuyers are more motivated by affordability than...

...in June 2022. Homebuyer affordability increased slightly for Black households, with the national PAPI decreasing from 176.5 in May to 176.3 in June. Homebuyer affordability increased slightly for Hispanic households,...

...“Applications to buy a home decreased slightly last week as many prospective buyers remain on the sidelines because of ongoing affordability challenges and high mortgage rates,” noted MBA President and...

...on the sidelines given current rates and persistent affordability challenges.” As Kan reported, the FHA share of total applications decreased to 12.7% of overall volume from 13.6% the week prior,...

...home sales. Limited inventory is also keeping prices high even though housing affordability has deteriorated significantly in the past three years.” “Today’s hike cements the idea that the Fed is...

...to help people finance homes, raising the overall number of programs to 2,373. “Marked growth in the number of agencies administering homebuyer assistance programs reflects how affordability challenges are driving...

...while continuing rent price declines are helping to improve affordability, rents remain significantly elevated—an estimated 24.1% higher than the same time in 2019. Rents for studios also continue to grow....

...similar results for areas known to be vulnerable to wildfires and extreme heat. So why are people choosing to move into these places? According to Redfin, the housing affordability crisis...

...future sales expectation reading is a reminder that housing affordability continues to be challenged by elevated interest rates. Looking at the three-month moving averages for regional HMI scores, the Northeast...