...homeownership rate of 62.8% is an all-time high. White American homeownership grew by nearly 3 percentage points and has been consistently around 70% since 2017. “Unfortunately, the incredible affordability challenges...

...as higher rates crimp affordability. Refinance applications account for less than a third of all applications, and remained more than 70% behind last year’s pace, as a majority of homeowners...

...Riverside down in our rankings. Lower incomes compared to coastal Southern California also make affordability a challenge. San Diego: San Diego ranked 49th out of 50 in affordability, easily offsetting...

...year-over-year drop in transactions in January 2023. “Buyers responded to better affordability from falling mortgage rates in December and January,” said NAR Chief Economist Lawrence Yun. The NAR predicts the...

...overall U.S. home sales down considerably from a year ago. But among the people who are buying homes, a record portion are relocating largely due to the ongoing affordability crisis....

...among the country's 50 largest markets, renters can still find relative affordability, according to the Realtor.com Monthly Rental Report. Oklahoma City is the only metro among the 50 largest in...

...affordability decreased for Black households, with the national PAPI increasing from 159.5 in December to 160.9 in January. Homebuyer affordability decreased for Hispanic households, with the national PAPI increasing from...

...variety of indicators that it views to be influential to a metro area's market, including: Better housing affordability than the national level. Weakening affordability is the primary reason for this...

...activity decreasing to the lowest level since 1995,” said MBA President and CEO Robert D. Broeksmit, CMB. “High mortgage rates and elevated home prices continue to reduce affordability and are...

...especially first-time homebuyers who are most sensitive to affordability challenges and the impact of higher rates.” The refinance share of mortgage activity increased to 32.5% of total applications from 32%...