...changes in housing affordability. However, as purchase demand continues to thaw, it will put more pressure on already depleted inventory for sale.” The dip in rates was still not enough...
Read More »Search Results for: Affordability
Homebuyers Adjusting Purchase Strategies in Search of Homeownership
...10 respondents were somewhat or very likely to discuss their alternative options with a real estate agent. Affordability Remains the Main Priority Affordability remains top-of-mind, and homebuyers are willing to...
Read More »Renters Made Big Moves in 2023
...exception of Washington, the top five destinations for Californians represent a flight to more affordable Sun Belt states. This flight to affordability is less clearly evident in the outbound search...
Read More »2022 Price-to-Income Ratios Reached All-Time Highs in These Cities
...national price-to-income ratio was about 4.1. The high-price-to-income ratios are especially a worrying indicator or deteriorating homebuyer affordability. However, ultra-low mortgage rates during the pandemic cushioned the impact of higher...
Read More »National Property Preservation Conference Returned to Washington, D.C.
...through topics ranging from federal efforts to address housing affordability and supply shortages to discussions of inflation, asset disposition timelines, how tech advances such as AI are impacting the mortgage...
Read More »International Markets Boast Less Space, Affordability for Starter Homes
...the average starter home, taking an estimated 7.7 years of income to purchase. Two questions remain: Are “starter homes” as unaffordable as the average home? Is the ongoing housing affordability...
Read More »Builder Sentiment Surges, But Challenges Lie Ahead
...builder confidence closely tracks with a period of falling interest rates. “Lower interest rates improved housing affordability conditions this past month, bringing some buyers back into the market after being...
Read More »Which Cities Does Gen Z Have the Best Chance at Homeownership?
...youngest set of Americans have a heightened focus on wellbeing. Gen Z also inherited the affordability concerns of millennials, such as student loans and the rising cost of living. With...
Read More »Low-Rate Environment to Thaw Mortgage Lock-In Effect?
...2024 compared to the 3.8 million units during the same quarter in 2023. However, a full recovery to the pre-pandemic sales rate is expected to take years, as housing affordability...
Read More »Rents Outpacing Home Prices in More Than Half the Nation
...Five Counties with the Widest Affordability Gaps: Honolulu (median three-bedroom rents consume 67 % of average local wages while typical single-home affordability consumes 134%) Kings County (Brooklyn), NY (72% for...
Read More »