...were migrating across state lines before those state lines had such drastic repercussions. I believe that now movers are going to take the state laws in place more seriously. Affordability...
Read More »Search Results for: Affordability
Home Prices Back Away From All-Time High
Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in light...
Read More »Rising Rates Make Homeownership Unaffordable in Most of U.S.
...lower existing home sales than the prior month. View Q2 2022 U.S. Home Affordability Heat Map As historic affordability continues to decline, major home-ownership expenses on typical homes are now...
Read More »First Guaranty Mortgage Files for Chapter 11
...weakening mortgage purchase market, which has suffered from a lack of housing inventory and increasing affordability issues,” said the release. “These factors have resulted in significant losses on the company's...
Read More »Affordability Plummets in All Regions
...house prices vary by city, so it’s helpful to know where affordability declining the most and the least.” The Five Cities Where Affordability Declined the Most and the Least “Affordability...
Read More »Op-Ed: Program Assists Frontline Workers With Affordability Issues
The recently enacted Florida Hometown Heroes Housing Program is meant to make homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, and active...
Read More »Affordability in Question as Mortgages Get More Expensive
...months, their purchasing power has dwindled." Bachaud goes on to say that lagging incomes behind fast-rising mortgage costs, creating the most significant affordability challenges in the past 15 years. The...
Read More »YoY Mortgage Contract Activity Slips in Major Regions
...outpacing supply, Yun noted variations in home prices and affordability contributed to the regional differences in pending sales activity in May. "The largest decline in contract activity was observed in...
Read More »New Home Sales Pick Up Strength in May
...rate environment. We also expect the near-term sales pace to remain at a solid level but, nonetheless, to trend downward in coming quarters as higher mortgage rates weigh on affordability.”...
Read More »Homebuyer Demand Slips as Mortgage Rates Approach 6%
...big chill on demand for homes,” said Redfin Chief Economist Daryl Fairweather. “With home prices still at record highs, the affordability crisis has been dialed up to an 11 out...
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