...of homeownership and affordability programs that allow for down payments as low as 3%, saving buyers money on out-of-pocket expenses. "Purchasing a home is one of the paths to building...
Read More »Search Results for: Affordability
Inventory Shortages Impacting Realtors’ Ability to Find Buyers a Home
...is impacting Realtors’ ability to find buyers a home," said Jessica Lautz, NAR Deputy Chief Economist and VP of Research. "Housing inventory and affordability continue to be the top obstacles...
Read More »Eleven States and D.C. Posted Annual Home Price Losses in May
...trend of out bound migration from less-urban areas (where people flocked to during the pandemic) and the significant loss of affordability. In the Northeastern and Southeastern metro areas continue to...
Read More »Home Prices Hit Record Highs as Housing Market Heats Up
...30 percentage points year-to-date as compared to pre-pandemic levels. Affordability continues to suffer; as of June 22, with 30-year rates at 6.67%, the principal and interest (P&I) payment needed to...
Read More »Millennials Remain Fundamental Drivers of Homeownership
...nearly four percentage points in a single year, causing affordability to fall, and pricing out many potential first-time home buyers as a result. Despite these headwinds, millennials will remain the...
Read More »Prospective Homeowners Banking on Lottery to Attain the American Dream
According to a new survey from Divvy Homes, home affordability is so out of reach right now that two out of five Americans think they'd need to win the lottery...
Read More »Housing Market Confidence Remained Flat in June
...66.0, as difficult supply and affordability conditions continue to weigh on the housing market. While most of the HPSI’s six components were little changed month over month, survey respondents did...
Read More »Miami Named Nation’s Hottest Renting Spot
...work remotely in warmer, more laid-back locations. Naples recently ranked as the best city to live in in the U.S. thanks to a combination of factors including affordability, safety, healthcare,...
Read More »Mortgage Rates Hit 2023 High Mark
...point higher than a year ago, and housing affordability is still a challenge in many parts of the country. However, the average loan size for a purchase application declined to...
Read More »Purchase Apps Fall for First Time in a Month
...as homebuyers remained sensitive to rate changes. Rates are still over a percentage point higher than a year ago, and housing affordability is still a challenge in many parts of...
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