...the second time in the past 19 months. According to Zillow, large scale affordability concerns are not expected to abate any time soon, but the most recent news gives hope...
Read More »Search Results for: Affordability
Navigating Stormy Seas
...a doubt, affordability is the biggest challenge to the housing market, but affordability itself can be remedied in one of several ways. In Realtor.com’s forecast report, we discuss the trifecta...
Read More »Mortgage Rates Slide for Fifth Consecutive Week
...bad news is that demand remains very weak in the face of affordability hurdles that are still quite high.” Also this week, Freddie Mac reported the 15-year FRM averaging 5.54%,...
Read More »Dreaming of a White Christmas? That’ll Cost You
...in Hawaii to as low as $145,600 in Mississippi. Home affordability in the nation’s snowiest states No. 1: Alaska Average reported snowfall total in December 2021: 31.14 inches Median home...
Read More »Mortgage Monitor: Prices Offset by Stagnant Levels of Inventory
...median home price is now 3.2% off its June peak—down 1.5% on a seasonally adjusted basis—in a world of interest rates 6.5% and higher, affordability remains perilously close to a...
Read More »Buyers Sidelined by Affordability Remain Optimistic
...a result of declining affordability while about half said they would spend over budget on a bid on a house that did not meet their express criteria just to get...
Read More »Declining Rates Reel Homebuyers Back In
...a small decline in prices next year, mortgage rates will dictate housing affordability, and as a result, demand and sales, in 2023. If rates continue declining, more buyers may wade...
Read More »Top 10 Cities for Americans Seeking Their First Home
...for new homebuyers. Zillow ranked U.S. metros based on factors that included mortgage and rent affordability for first-time home buyers, available homes for sale and the share of listings with...
Read More »Home Prices Rapidly Cooling in Former Booming Markets
...of the U.S. “Even though affordability is a concern, in many ways we are in a buyer’s market,” said Austin, Texas Redfin Agent Maggie Ruiz. “Some first-time buyers finally have...
Read More »Bargain Cities Still Exist
Affordability is a chief concern among buyers at the moment as interest rates continue to rise while outsized price tags have been sidelining buyers left and right. But, according to...
Read More »