...investments, including $60 billion directly related to HUD. Together, this suite of funding and tax credits aims to tackle the nation’s housing affordability crisis by making an investment in curbing...

...compounding challenges of affordability and low inventory.” Also this week, the Freddie Mac reported the 15-year FRM averaged 5.95%, up slightly from last week when it averaged 5.89%. A year...

...interest rate environment. This month's report looks at the continuing –and worsening– shortage in for-sale inventory and the role it is playing in keeping affordability tight and buoying home prices....

...in 2022, reaching the lowest level since April 2020. Sentiment improved slightly in January 2023 as mortgage rates dropped, though the index remained near recent lows. New home affordability continues...

...near future, affordability will continue to be a challenge for many—especially for first-time home buyers." The affordability of housing is considered by Zillow to be a defining feature of the...

...affordability, which is particularly important for first-time buyers,” Hepp continued. “This group has accounted for a higher share of mortgage applications since last summer, as first-time buyers don’t need to...

...2023.” Citing affordability issues, Sen. Brown noted, “More renters are struggling in part because rents have skyrocketed over the past three years. Nationwide, rents are 25% higher than they were...

...the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs...

...interest rates on new mortgages—but is also due to interest rates themselves, which are rising and reducing buying power. According to Redfin, the housing affordability crisis has intensified for three...

...said Sam Khater, Freddie Mac’s Chief Economist. “Lower mortgage rates back in January brought buyers back into the market. Now that rates are moving up, affordability is hindered and making...