...the same time. The concurrent surge in mortgage rates and U.S. housing prices has led to a decline in affordability. As FRMs increase, some homebuyers are exploring alternatives like ARMs...
Read More »Search Results for: Affordability
Fleeing the West to Flock to the East
...for homebuyers seeking both affordability and economic stability. VeroFORECAST evaluates home prices in more than 300 of the nation’s largest housing markets, predicting home values based on an analysis of...
Read More »Q2 Affordability Worsens Nationwide as Home Prices Elevate
ATTOM has released its Q2 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the second quarter of 2023 compared to historical averages...
Read More »Newlyweds Adding ‘A New Home’ to Their Gift Registries
...buying expenses. "Over the last few years, homebuyers have been facing a number of challenges, most notably around affordability due to high home prices and mortgage rates," said Clare Trapasso,...
Read More »Mortgage Rates Shift Direction, Trend Upward
...“Mortgage rates have hovered in the 6% to 7% range for over six months and, despite affordability headwinds, homebuyers have adjusted and driven new home sales to its highest level...
Read More »Homebuyer Affordability Further Deteriorates in May
The Mortgage Bankers Association (MBA) has found that homebuyer affordability slid further in May 2023, with the national median payment applied for by purchase applicants increasing month-over-month by 2.5% to...
Read More »Median Home Prices, New Homes for Sale Slipped in June
...last summer as rising mortgage rates have added to ongoing affordability challenges and further cooled buyer demand, so the first year-over-year decline in median list prices this month wasn't unexpected....
Read More »Online Valuation Sites Causing Housing Envy
...the government for the lack of housing affordability, and in particular, would like authorities to loosen restrictions on lenders and zoning laws: 45% say state and local governments are to...
Read More »Drought-Stricken Phoenix Ranked Most Popular Destination for Relocators
...just because of their vacation vibes, but because of their relative affordability. The typical Salisbury home, for instance, sells for $245,000, compared with $560,000 in Washington, D.C. To read the...
Read More »New Single-Family Home Sales Hit 15-Month High
...issue for many seeking homes nationwide, as Zillow recently found that a significant lack of new, affordable housing is at the heart of the affordability crisis. This shortage is primarily...
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