...point increase in mortgage rates. Additionally, affordability woes are causing buyers to pull out of the market, leaving those in the race with more options which has caused home price...

...ways to save money. A new analysis of data by Zillow has found that rather than buyers walking the tight line of affordability, they are turning to ARMs for relief....

...inflation. "Whether in a downtown area or suburb, staying put or making a change, renters are stuck between a rock and a hard place when it comes to affordability,” said...

Homebuyer affordability improved for the second straight month in July, with the national median payment applied for by applicants decreasing to $1,844 from $1,893 in June. This is according to...

...for much of the year, as higher mortgage rates continue to take a toll on housing affordability,” said Douglas G. Duncan, Fannie Mae SVP and Chief Economist. “Unfavorable mortgage rates...

...transaction activity." This report comes at the heels of a separate report that found affordability in June fell to a level not recorded since 1989. Accounting for a 30-year fixed-rate...

...affordability. Compared to three years ago when rental price premiums were typically concentrated in urban hubs, renting is now nearly as expensive in the suburbs, where the rise in remote...

...affordability concerns, remain on the sidelines, ready to pounce once the market begins to show signs of normalcy. According to the recent Builder Application Survey (BAS) for July 2022 published...

...negotiating power," said Zillow Chief Economist Skylar Olsen. "This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates. As prices soften, many will renew their...

...search for a new home. According to a new study by House Method, 55% of homeowners reported renovating a part of their home in the past year. With affordability constraints...