...typical borrower’s principal and interest payment was $387 more than in March 2021. Swift price-appreciation, sky-high inflation, low inventory, and mortgage rates now two percentage points higher than last year...
Read More »Search Results for: inventory
Supply Shortage, Rising Rates Push Buyers Into Homes Sooner
...April 2021 and April 2022. New housing inventory remained negative in the month of April, leading to even more affordability issues for many prospective buyers. After a prolonged period of...
Read More »Mortgage Apps Change Course
...inventory and rapid home-price gains, as well as the affordability hit from higher mortgage rates that are forcing prospective buyers to factor in higher monthly payments. The ARM share remained...
Read More »Midsize, Small Markets Led Surging YoY Q1 Home Price Gains
...throughout the country have surged for the better part of two years, including in the first quarter of 2022," said Lawrence Yun, NAR Chief Economist. "Given the extremely low inventory,...
Read More »Single Women Homebuyers Remain Priced Out by Men
...in a handful of the country’s most populous urban centers. Overall, as inventory has proceeded to tighten and home prices continued to rise over the past five years, single buyers...
Read More »Pending Home Sales Down for Fifth Consecutive Month
...more cautious, despite the current tight inventory conditions, saying "I expect that to result in a boost to construction of less than 5%." On a month-over-month basis, the Northeast PHSI...
Read More »Millennials Represent Largest Share of Adults Buying Homes
The Spring homebuying season started off strong, and home purchases show little sign of slowing, due to surging demand and low inventory. According to the annual Bank of America’s 2022...
Read More »Home Prices Rise YoY in February
...a rush of changes over the past two months, stemming from a strong labor market driving wages and inflation higher, tight inventory, supply-chain disruptions from the war in Ukraine, and...
Read More »Housing Affordability and Availability Remain Top of Mind
...affordable housing in their area was difficult to find, a number that ballooned to 69% in 2021.” Fannie Mae believes this is due to ongoing inventory constraints; if people that...
Read More »New Home Sales Dip in March
...for home shoppers later this year. Many new homes may not yet be in the much-sought after, move-in ready condition, but they are coming. In terms of inventory, HUD and...
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