...that while affordability remains a hurdle, homebuyers are getting used to current rates and continue to pursue homeownership.” Also this week, the 15-year FRM averaged 5.75%, unchanged from last week....
Read More »Search Results for: Affordability
‘Bouncing Back and Forth’: Existing-Home Sales Drop in April
...sales dipped in all four regions, falling the most in the West, where high sales prices hamper affordability,” Hale continued. “Nationwide, home prices dipped 1.7% to a median of $388,800,...
Read More »Trend of Slowing Rent Growth Continues
...have greater affordability, the stronger growth in these markets likely results from this benefit even as it may reduce existing affordability. Among the top 10 metros experiencing the fastest year-over-year...
Read More »Housing Market Struggles Headed Into Peak Summer Season
...affordability to improve before entering the market.” “Our Potential Home Sales Model, which measures what we believe a healthy market for home sales should be, based on the economic, demographic...
Read More »Single-Family Rent Price Gains Dip YoY in March
...year-over-year rental cost growth slowed in all four price tiers that CoreLogic tracks, but the lowest tier posted the highest growth, suggesting that a lack of affordability continues to pressure...
Read More »Americans Financially Stressed as Rent-to-Income Ratios Remain Elevated
...moderated or even declined given affordability pressures and slowing migration. However, we are not quite at an inflection point yet.” New York City, Miami, Fort Lauderdale, Los Angeles, Palm...
Read More »Study: High Rates Depress Refis; Cash-Out Refis Remain Strong
...level of new car sales starting in 2020 means fewer recent model-year used cards available. Affordability remains a central issue for consumers, especially those below prime. We continue to pay...
Read More »Freddie Mac Recognizes Home Possible RISE Award Winners
...the Freddie Mac Home Possible mortgage–the company’s affordable lending solution for very low- to low-income homebuyers. “We applaud our lender partners for helping borrowers overcome affordability challenges to achieve sustainable...
Read More »Rent Hits an Average of $1,967
...years. “The balance of power in the rental market is tipping back in tenants’ favor as supply catches up with demand. That’s easing affordability challenges and giving renters a little...
Read More »The Week Ahead: FHFA to Host Hearing on Appraisal Bias
...Housing Affordability with Politics (Wednesday) Terner Center for Housing Innovation: Exploring Challenges and Successes of the Emergency Housing Voucher Program: Insights from Public Housing Authorities Webinar (Wednesday) Senate Banking Committee:...
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