ATTOM has released its Q1 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in Q1 of 2023 compared to historical averages in 94%...

...January to 169.7 in February. Homebuyer affordability decreased for Hispanic households, with the national PAPI increasing from 154.6 in January to 162.2 in February. Homebuyer affordability decreased for White households,...

...as growth in the median list price continued to slow. Despite slowing listing price growth and increased price reductions, high interest rates continued to create an affordability challenge for buyers...

...a measure of housing affordability. Real House Prices Decreased 1% Month-Over-Month “Affordability has now improved for three straight months, yet remains down 39% since January 2022, according to the RHPI....

...relocation for better job opportunities and affordable living throughout the U.S. Topping the list for job growth and ranking 10th in affordability, the Lone Star State of Texas boasts a...

...The index was benchmarked to 100 using housing data from 2001. “Buyers responded to better affordability from falling mortgage rates in December and January,” said NAR Chief Economist Lawrence Yun....

...price-level necessary to stoke buyer demand. As we move into the spring buying season, mortgage rates have ticked lower, a welcomed sign of progress towards affordability.” “At last week’s Fed...

...rising and volatile mortgage rates furthering affordability challenges, the road to affordable homeownership remains an uphill battle, and it may take creative solutions or even doubling up in a home...

...which are important to recognize in housing affordability discussions." With rent control in effect, housing providers are faced with the difficult financial strain of absorbing essential maintenance costs and are...

...spring homebuyer season begins. “Ongoing affordability challenges weigh on buyers and sellers preparing for the spring housing market,” said Realtor.com Economic Data Analyst Hannah Jones. “Each downward tick in mortgage...