...rapidly, according to data from Freddie Mac, even in cities with growing populations, including Austin. In 2020 and 2021, when both housing inventory and mortgage rates were low, cities with...
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High Rates Leave Homebuyers With Questions on Affordability
...year ago, homebuyers are dealing with much higher costs of ownership due to a combination of elevated mortgage rates, persistently high home prices and limited inventory, leaving housing affordability near...
Read More »Credit Availability Tightens as Demand Shrinks, Rates Rise Again
...affordability and inventory continue to create major market headwinds. Having worsened in eight of the past nine months on a seasonally adjusted basis, for-sale inventory is now at its lowest...
Read More »If You Want to Move to a Big City, Start Here
Securing a home in today’s market can be rough in the face of high interest rates, high home prices, and limited inventory. The long-term benefits of homeownership are often resoundingly...
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
...Builders (NAHB) reports that more Americans are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize. Sales of newly built, single-family homes increased...
Read More »Slowing Growth May Hamper New Home Prices Peak This Year
...by Realtor.com, found that May’s home price growth slowed to 0.9% year-over-year as active inventory decreased in 21 out of the 50 largest metropolitan areas. In addition, home inventory growth...
Read More »Where Home Affordability Is Declining the Fastest
...Fleming believes that due to elevated mortgage rates, this should prompt nominal home prices to decrease. However, due to low inventory levels, this means any uptick in demand will put...
Read More »Mortgage App Volume Falls for Third Consecutive Week
...12.1%, down from 12.5% the week prior. The USDA share of total applications remained unchanged at 0.5% from the week prior. While rates and inventory are primary drivers of an...
Read More »Higher Rates of AAPI Borrowers Denied Mortgages, But Why?
...challenges still faced by many AAPI households," concluded Bachaud. "Expanding housing inventory and implementing policies and solutions to enhance affordability are crucial for promoting homeownership and advancing housing equity in...
Read More »Report: ‘Stark Regional Differences’ in Home Price Appreciation
...Hannah Jones: “Today’s S&P CoreLogic Case-Shiller Index showed a slight acceleration in national home prices relative to last year though this spring lacks its typical energy due to ongoing inventory...
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