...dreams, but merely adjusting them to fit the new, harsher market conditions. Although the need for more space is still buyers' main driver, affordability concerns are starting to take precedence....

...in response to higher rates, which may provide an affordability boost to potential home buyers. But, even in this scenario, the housing market will still struggle from a lack of...

The Wells Fargo Foundation has expanded its commitment to housing affordability through another $20 million competition with Enterprise Community Partners to find housing solutions. The second Housing Affordability Breakthrough Challenge...

...affordability pressures.” In addition, refinance activity continued to fall by double digits, as cash-out and rate/term refinances are down 87% and 93% year-over-year, respectively. “Mortgage rates declined through the first...

...expect affordability to remain the top challenge for potential homebuyers, as even small declines in rates and home prices—from the perspective of the buyer—may not produce sufficient purchasing power,” Duncan...

...in popularity during the pandemic as scores of remote workers moved in, searching for relative affordability and warm weather. “It took a while, but seller expectations are coming back down...

...appreciation has slowed, home prices are still significantly higher than a year ago. Affordability challenges weighed heavily on home sales in the second half of 2022 — the number of...

...country, elevated mortgage rates continue to put a strain on affordability and are keeping prospective homebuyers out of the market.” The slide in overall app volume comes as Freddie Mac...

...the affordability crash and affordability may be poised to rebound in 2023?” As the U.S. economic landscape continues to stabilize amid Fed rate hikes, the nationwide median household income has...

...of buying amid possible further price declines and a continued inventory shortage. Nevertheless, with slowly improving affordability and a more optimistic economic outlook than previously believed, the housing market could...