...while home affordability declined. Another is that homeownership may be perceived as offering greater privacy and security than renting, a lifestyle benefit that may have proved especially desirable three years...
Read More »Search Results for: Affordability
Homebuyers Remain Motivated Despite Challenging Market Conditions
...Richmond (5.8%), Miami (5.4%), Oklahoma City (4.9%), Kansas City (4.1%), and Cincinnati (4.0%). Affordability is still the key driver of demand, and that's reflected in the markets that are appreciating...
Read More »Affordable Housing Shortage Most Impacting Families Earning Less Than $75K
...Research. "A two-fold approach is needed to help with both low affordability and limited housing supply. It's not just about increasing supply. We must boost the number of homes at...
Read More »Mortgage Rates Turn Downward
...and other affordability challenges remain, inventory continues to be the biggest obstacle for prospective homebuyers.” Although rates may have fallen for the first time in three weeks, buyers are still...
Read More »Better Together: The Importance of a Diverse and Inclusive Workforce
...affordability concerns, including the lack of affordable housing supply. Our commitment has remained steady as we create opportunities for more people to buy, refinance, or rent a home. We are...
Read More »Increasingly Bleak Real Estate Expectations for Potential Homebuyers
According to the latest Home Purchase Sentiment Index (HPSI) published by Fannie Mae, the index decreased 1.2 points in May 2023 to an index level of 65.6 due to affordability...
Read More »Mortgage Apps Drop 30% YoY
...and return to average seasonal gains later in 2023.” Affordability continues to be a hurdle to homeownership for many as well, as Black Knight reports it now takes 34.2% of...
Read More »Potential Gen Z Homebuyers Seeking Midwest Metros to Call Home
...(or waiting) to get into a home, and will surely exacerbate affordability, inventory, and bidding wars. Gen Zers (now aged 18 to 25) make up a noteworthy share of homebuyers—accounting...
Read More »Annual Home Price Gains to Reach 4.6% by April 2024
...at very high risk for price declines. “Still, while slim inventory is pushing prices up once again and constraining affordability,” said Hepp, “recent trends suggest that home price growth in...
Read More »New Housing Might Be the Key to Creating Affordability in More Communities
According to a new report from Zillow, research finds a growing majority of adults support adding more homes to their neighborhoods in response to the housing affordability crisis. Record-low inventory—triggered...
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