...and affordability challenges. The national index measured a 0.7% price increase compared to last March, falling from 2.1% year-over-year growth in February, though prices increased 1.3% month-over-month. The 10- and...
Read More »Search Results for: Affordability
Record Share of Homebuyers Looking to Switch Metros
...people. For first-time homebuyers, high mortgage rates may encourage relocation to a different metro area. The ongoing affordability crunch, with high rates and still-high home prices, makes relatively affordable locales...
Read More »Optimism Growing, But Pending Home Sales Numbers Unchanged
...100 based on the level of market activity in 2001 "Not all buying interests are being completed due to limited inventory," said NAR Chief Economist Lawrence Yun. "Affordability challenges certainly...
Read More »Home Affordability Takes Another Hit in April
...April. Homebuyer affordability decreased for Hispanic households, with the national PAPI increasing from 160.2 in March to 161.0 in April. Homebuyer affordability decreased for White households, with the national PAPI...
Read More »Ongoing Financial Volatility Pushes Mortgage Rates Upward
...week,” said Sam Khater, Freddie Mac’s Chief Economist. “Dampened affordability remains an issue for interested homebuyers and homeowners seem unwilling to lose their low rate and put their home on...
Read More »Mortgage Rates Elevated, But Historically About Average
Freddie Mac has published their latest Economic, Housing, and Mortgage Market Outlook which overall found that economic risks remain weighted down due to stubbornly high inflation and dampening affordability and...
Read More »Industry Experts Take to Capitol Hill to Debate LLPAs Changes
The House Financial Services Committee’s Subcommittee on Housing and Insurance recently held a hearing, “The Current Mortgage Market: Undermining Housing Affordability with Politics,” examining the pricing changes implemented by the...
Read More »Metro Areas Where Homebuying Is Cheaper Than Renting Dwindling Nationwide
...rent. In Phoenix, the share is 1%, and in Austin, it’s 5%. All four metropolitan areas ranked on Redfin’s list of most popular migration destinations during the pandemic. “Housing affordability...
Read More »Fannie Mae: Recessionary Conditions Still Expected in 2023
...economy. Existing-home sales have remained near predictions made by the ESR’s forecasts for additional gradual declines by the end of the year due to affordability constraints and a tight inventory...
Read More »The Week Ahead: Balancing the Economy and Housing
...or email them separately to [email protected]. During WFG’s Q1 2023 webinar, Stone and Conerly addressed the economy, consumer confidence, mortgage rates, property values, housing inventory and affordability, the likelihood of...
Read More »