...constrain affordability, analysts say, and 62% of respondents expect mortgage rates to continue rising over the next year, compared to only 10% who expect rates to decline. Fannie Mae SVP...
Read More »Search Results for: Affordability
Mortgage Rates Key Statistic in 2023
...In 2023, Redfin expects 16% fewer existing home sales than were reported in 2022, totaling about 4.3 million units as would-be buyers pausing their efforts mostly due to affordability challenges...
Read More »Affordability Easing in Some U.S. Metros
Prospective buyers received a bit of good news, as NerdWallet reported more homes became affordable in Q3 2022 for first-time buyers. Overall, home affordability improved in 25 metros across the...
Read More »Congressional Panel Hears Testimony on the Homeownership Gap
...housing affordability crisis that has only been exacerbated by the pandemic and corresponding economic trends. Speakers testifying during the hearing includes Nikitra Bailey, EVP of the National Fair Housing Alliance;...
Read More »Affordability will be Driving Housing Market Force in 2023
...housing crisis. However, Zillow predicts that the affordability crisis will stabilize in 2023 from pandemic-era highs. Looking specifically at new construction, Zillow predicts that most new construction will be focused...
Read More »Southern U.S. Less Vulnerable to Q3 Housing Market Declines
ATTOM has issued a Special Housing Risk Report spotlighting county-level housing markets around the nation that are more or less vulnerable to declines, based on home affordability, foreclosures, and other...
Read More »Mortgage Rates Fall for Third Consecutive Week
...and services purchased by consumers nationwide. As Ratiu mentioned, the PCE Price Index rose 0.3% in October 2022. As the nation continues to struggle with inflation, affordability remains an issue...
Read More »Experts: Homebuying Costs Won’t Come Down in 2023
...a growing number of homes for sale, but costs will remain high, challenging affordability at a time when overall budgets continue to be constrained. Homebuyers looking for affordability in 2023...
Read More »October Pending Home Sales Fall 4.6% From September
...and affordability continues, as high rates, inflationary concerns, and high prices have forced many to reconsider a home purchase in the current market. “Since October, mortgage rates have subsided, dropping...
Read More »Southeast Proves Best for Remote Workers Looking to Rent
...offering the best mix of features, affordability and remote work-readiness. A recent Upwork study also unveiled that 4.9 million Americans have already relocated due to remote work and almost 19...
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