...analyzed. The southwestern Florida metro of North Port was consistently one of the top migration destinations during the pandemic because of its relative affordability and climate. That caused home prices...
Read More »Search Results for: Affordability
Fannie Mae Housing Sentiment Survey Hits New Low
...seen in the index’s 11-year history. Causes for this include persistently high home prices and unfavorable mortgage rates which weighed heavily on consumers’ housing affordability concerns. A new survey low...
Read More »Southwestern States Gain Independents During Pandemic Housing Boom
...Golden State. A fair share of liberal Californians have been pushed into places like Las Vegas and Phoenix because they’re prioritizing affordability,” Marr said. “That doesn’t appear to be true...
Read More »Homebuyers Anticipate Housing Prices to Crash
...of being rushed into a purchase they might regret." Zillow research has found a rapid drop in home values is unlikely, with housing affordability at its worst in several years,...
Read More »Home Prices Retreat in Nearly All Major Markets
...pushed the market into buyer-friendly territory, good news for those who haven’t been sidelined by affordability costs. In fact, only two housing markets (Providence, Rhode Island, and Salisbury, Maryland) have...
Read More »More Homebuyers Looking to Small Towns, Rural Areas
...areas reached record highs. Housing affordability and inventory challenges significantly impacted when, where and how consumers purchased homes, according to the National Association of Realtors’ 2022 Profile of Home Buyers...
Read More »Share of Homes For Sale Tops 2020 Levels
...and time on market hold steady With home sales activity declining along with affordability in October, national trends reflected a market in which competition continued at a cooler pace than...
Read More »Mortgage Rates Retreat Slightly Under the 7% Mark
...sidelined from an affordability standpoint. Yesterday’s interest rate hike by the Federal Reserve will certainly inject additional lead into the heels of the housing market.” Just yesterday, Federal Reserve Chairman...
Read More »Mortgage Apps Fall for Sixth Consecutive Week
...activity and have added to the ongoing affordability challenges impacting the broader housing market, as seen in the deteriorating trends in housing starts and home sales.” By loan type, the...
Read More »Fannie Mae: Home Prices, Rents May Stabilize in 2023
...difference in improving overall housing affordability. In other markets, solutions should be focused on the building of new single-family homes, while in other markets it may be preserving existing multifamily...
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