...rates would do further damage to housing affordability. Much uncertainty surrounds these estimates, but there’s little doubt that a default would be a major negative shock to housing market activity....

...acclimating to the current rate environment, but the lack of inventory remains a primary obstacle to affordability.” And as rates continue to linger in the mid-6% range, the spring housing...

...which was much cooler than normal as buyers retreated in the face of affordability challenges. Although still 2.2% below their peak last July, typical home values are 1.5% above last...

...the onset of the COVID-19 pandemic. Looking at affordability, during the first quarter affordability improved silghtly from the last quarter of 2022 when mortgage rates hit the 7% mark. The...

...only 12% last month. Of course, affordability constraints continue to hinder overall homebuying sentiment, with only 23% of respondents indicating it’s a good time to buy a home. “This month’s...

...address this, the authors note. They could use the data that is generated to better understand market conditions and design responses to challenges, including affordability. They could also prevent platforms...

...to affordability.” Instability in the economic sector began earlier this week when First Republic Bank was taken over by the Federal Deposit Insurance Corporation (FDIC) and most of its assets...

...than a year ago,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing. Home purchase activity has...

...affordability and continued inventory shortages. Also, demand for higher-priced homes is slowing compared with median-priced homes, thus pulling appreciation down in that region at a faster pace. Potential homebuyers are...

...In response, many renters have paused on moving or are combining households to save costs. High inflation across the board also has renters focused on affordability. Actions you can take:...