...first year-over-year decline since 2012. Elevated mortgage rates and affordability challenges have put downward pressure on home prices, especially in high-cost markets in the West.” “This could be the turning...
Read More »Search Results for: Affordability
Is Going Without Insurance a New Trend?
...the affordability crisis. Florida's and California's insurance troubles are likely to prove particularly burdensome for retirees who had been counting on selling their homes to generate cash in their golden...
Read More »Western Markets Experiencing the Largest Rent Drops Nationwide
...decline in rents combined with cooling inflation and a still-strong job market is definitely welcome news for households." While rental declines are a positive sign for household affordability, it is...
Read More »How Many Americans Are Living in Multigenerational Homes?
...choose up to three answers when asked why they live in a multigenerational home. The following are the top three reasons from respondents. Some 48.8% said home affordability and saving...
Read More »California to Texas Migration Route Becomes Even More Popular
...reasons behind a California-to-Texas move are varied, but affordability and job options are major incentives that support the decision to swap one state for another. Among the things that help...
Read More »Mortgage Rate Locks to Remain a Challenge
...higher rates are hurting affordability, and many of those who already own a home are being impacted by the lock-in effect and are disincentivized to list their homes for fear...
Read More »Zillow: 4.3M New Homes Needed to Address Affordability Crisis
According to a new report from Zillow, a significant lack of new, affordable housing is the fuel at the crux of the ongoing affordability crisis. In particular, this is impacting...
Read More »May’s Housing Starts Rise Above Expectations
...have good reason for a positive outlook. Existing-home inventory remains limited as the majority of homeowners are rate-locked into their homes.” “While affordability constraints weigh on demand, it is a...
Read More »Recent Housing Market Downturns Targeting Western Regions, Upscale Areas
...seen in the first quarter of this year—based on changes in home price, home affordability, underwater mortgages and foreclosures since the second quarter of 2022—revealed that almost half of the...
Read More »Mortgage Locks Remain Suppressed but Increased in May
...and 29% compared with levels seen pre-pandemic levels. "Despite the many headwinds—and we all know them well by now: rates, affordability, prices and inventory—this remains the most purchase-dominant market we've...
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