...all of these problems with affordability are causing inventory problems—in many cities there are only a handful of listings that are available to the average homebuyer meaning buyers are having...
Read More »Search Results for: Affordability
Rapid Annual Affordability Decline Driven by Two Factors
...offset the affordability loss from higher mortgage rates and fast-rising nominal prices,” said Mark Fleming, Chief Economist at First American. “As affordability wanes and prompts buyers to pull back from...
Read More »Mortgage App Payments Rose Nearly 4% in October
...Connecticut (120.9), and Louisiana (125.6). Homebuyer affordability decreased for Black households, with the national PAPI increasing from 164.0 in September to 168.4 in October. Homebuyer affordability decreased for Hispanic households,...
Read More »Mid-Size Cities Top List of Best Metros for Families
...cultural and outdoor opportunities may come to mind, but affordability and a booming job market are also features that can support positive family growth. Key takeaways: Plano emerges as the...
Read More »Bringing Credit Invisibles Into the Light
...with HUD and with borrowers to try to make processes smoother and make it easier for them. We also have Sponsor-Initiated Affordability that was rolled out in 2021. The goal...
Read More »Existing-Home Sales Slide 5.9% in October
...as rising mortgage rates moved the affordability of buying a home out of reach. In the weeks ahead, we will see if the latest turn in mortgage rates, a drop...
Read More »Fixed-Rate Mortgages Take 47-Basis Point Dive
...There is very little refinance incentive with rates so much higher than last year.” Affordability remains an issue as Redfin reports that the nation’s homebuyers must now earn $107,281 to...
Read More »Rental Prices Growing at a Slower Pace
...may be short-lived, but Realtor.com’s 2022 Fall Landlord and Renter Survey found tenants are struggling with affordability and many are planning rent increases over the next year. "With soaring inflation...
Read More »Slight Drop in Rates Spurs Rise in Mortgage App Activity
...last seen 22 years ago, affordability in the nation’s current economic environment remains a major obstacle to homeownership for many. An analysis of third quarter market data by the National...
Read More »Maxine Waters Voices Concern Over HUD Housing Assistance Payments
...the participation of mission driven entities that often reinvest contract funds into affordable housing preservation and development as well as supportive services,” Rep. Waters said. Housing affordability nationwide is still...
Read More »