...prospective buyers on the sidelines. While MBA expects mortgage rates to fall to around 5.5% by the end of this year, more housing supply is needed to improve affordability and...
Read More »Search Results for: Affordability
Home Sales Attempt to Recover After 2.4% Slide in March
As affordability constraints and lack of inventory remains a struggle for many potential homebuyers, existing-home sales edged lower in March, according to the National Association of Realtors. New data revealed...
Read More »Is a Credit Crunch Coming?
...risk and conserve their cash if needed.” Fleming continued: “Affordability and lack of inventory remain the primary challenges to housing market potential. While credit conditions tightened in the March NFCI...
Read More »Rise in Rates Hampers Mortgage Apps
...6.43%, which led to purchase applications declining 10%,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “Affordability challenges persist, and there is limited for-sale inventory in many markets across...
Read More »Gen Zers, Millennials Cite Affordability as Deterrent to Homeownership
Despite continued affordability challenges, the American dream of homeownership is not dead for Gen Zers and Millennials, who believe their path to get there will be challenging and may even...
Read More »Q1 Home Prices Up Nearly 5% Percent YoY
...Economist. "Still, the fact that prices rose slightly in the first quarter is evidence of significant pent-up mortgage demand, despite ongoing affordability constraints. Even though mortgage rates remain elevated compared...
Read More »Rising Rents Outpacing Housing Choice Voucher Availability
...this program successfully. "I applaud Zillow for shining a 100-megawatt spotlight on the immense rental affordability challenges facing millions of low-income families across the United States," said Dennis C. Shea,...
Read More »Home Prices Up Nearly 8% Nationwide From Last March
...cites affordability and proximity to family as their main drivers. Despite the challenging housing market, 85% of home sellers are happy with the amount of equity they have in their...
Read More »Amid Market Concern, First-Time Buyers Maintain Optimistic Outlook
...that 54% of respondents indicate they are now better off financially than they were two years ago. And while homebuyers' perception of the economy and affordability continue to draw concern,...
Read More »Mortgage Rates, Rocky Economy Driving Down Homebuyer Demand
...an even split among respondents who said home prices over the next 12 months will go up compared to those who expect them to go down. With affordability constraints, the...
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