...low affordability in the home purchasing market has likely also pushed some prospective homebuyers into the rental market, leading to even more upward pressure on rent levels. The latest Home...
Read More »Search Results for: Affordability
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, inventory, demand, and credit availability. As Black Knight VP of Enterprise Research Andy Walden explains, the challenges facing homebuyers—and the real estate and housing finance industries more widely—are only...
Read More »Unexpected Expenses Could Add Thousands to Monthly Mortgage Payments
...$22,791 in San Francisco. First-time home buyers facing affordability challenges in today's market need to understand and budget for these less obvious expenses when calculating how much home they can...
Read More »Lingering Economic Concerns Push Mortgage Rates Upward
...declined for the third straight week, as higher rates, ongoing economic uncertainty, and declining affordability continue to dampen borrower demand,” said MBA President and CEO Bob Broeksmit. “The lack of...
Read More »Slowing Growth May Hamper New Home Prices Peak This Year
...home listing prices are up slightly compared to last May, and with rates more than a percentage point higher than a year ago, buyers continue to face affordability headwinds. The...
Read More »Planet Home Lending Acquires Platinum Home Mortgage
...Possible loan program. “We applaud our lender partners for helping borrowers overcome affordability challenges to achieve sustainable homeownership with our Home Possible mortgage,” said Danny Gardner, Freddie Mac Single-Family SVP,...
Read More »Where Home Affordability Is Declining the Fastest
...a total measure of housing affordability. Overall, the RHPI found in March that housing affordability declined, breaking a four-month streak of improving affordability. According to First American Chief Economist Mark...
Read More »Mortgage App Volume Falls for Third Consecutive Week
...application downturn, the MBA’s Purchase Applications Payment Index (PAPI)—a measurement of how new monthly mortgage payments vary across time relative to income—found that homebuyer affordability took another hit in April,...
Read More »Higher Rates of AAPI Borrowers Denied Mortgages, But Why?
...of denials due to insufficient funds to cover closing costs and lack of collateral compared to other racial groups. "High incomes and homeownership gains may overshadow the significant housing affordability...
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