...affordability challenges, meant that both purchase and refinance volume plummeted,” said Marina Walsh, MBA’s VP of Industry Analysis. “The stellar profits of the previous two years dissipated because of the...
Read More »Search Results for: Affordability
Expert Insights: Finding Originations Success in 2023
...that ultimately caused the entire market to crash. Today, housing is not the issue. Yes, home prices and affordability are a problem, and prices are coming down in some areas,...
Read More »Renters of Color Pay Higher Security Deposits, Application Fees
As affordability constraints persist nationwide, upfront costs for renting can be a major burden that could put the cost of moving for many out of reach. New research shows renters...
Read More »Mortgage Rates Drop Again, But Buyers Are Hampered by Short Supply
...is seeing lower demand and fewer fresh listings as buyers and sellers weigh whether to dip a toe in or wait until conditions improve. Each gain in affordability is accompanied...
Read More »LGBTQ+, Black and Indigenous Buyers Burdened by Mounting Housing Costs
Housing affordability remains near all-time lows and is a challenge for many homebuyers of all races, orientations, and genders. According to new survey data from Realtor.com, recent LGBTQ+ and BIPOC...
Read More »Potential Home Sales Increase Before Spring Buying Frenzy
...since the peak in October 2022. The decline in mortgage rates has increased house-buying power, thus providing an affordability boost for potential first-time buyers and encouraging some who previously felt...
Read More »After Four Weeks of Increases, Mortgage Apps Tick Downward
...but affordability remains a real challenge in this environment.” A recent report from ATTOM has found that median-priced single-family homes and condos were less affordable in Q1 of 2023 compared...
Read More »Tech Layoffs Hamper West Coast Housing Markets
...Chief Economist at CoreLogic. “Declines in the West are due to the tech industry slowdown and a severe lack of affordability after decades of undersupply. The consistent gains in the...
Read More »Home Price Growth Falls to Lowest Level in a Decade
...below pre-pandemic levels due to affordability. In addition, inventory levels continued to deteriorate over the month falling for the fifth month to their lowest levels reported since May 2022. Seasonally-adjusted...
Read More »Share of Americans Living Rent-Free Surpasses Nearly Four Million
While overall housing remains expensive, many Americans continue to try and combat affordability hurdles amid inflated housing costs and historically-high mortgage rates. Meanwhile, the high cost of housing isn’t just...
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