...costs for home purchases simultaneously kept many younger adults from becoming first-time homebuyers. However, the same inflationary trends have impacted affordability in the rental market as well. Rent prices increased...

When it comes to affordability, any change that is not down can be seen as a good thing, especially after affordability has done nothing than go down for the last...

...rates creep up compounded with record-high prices which is causing its own affordability issues. According to the Joint Center for Housing Studies at Harvard University (JCHS) some consumers will see...

...horizon. “Mounting financial pressures are compounding the ongoing affordability crisis in real estate markets,” said Ratiu. “Rents and home prices continue to rise at double-digit rates. For buyers of a...

...affordability challenges from the sharp rise in mortgage rates this year," Yun added. "Nonetheless, homes priced appropriately are selling quickly and inventory levels still need to rise substantially – almost...

...pressure off rental demand and prices. Rental affordability remains a significant challenge for many renters across the country in May, as the U.S. median rental price continued its record-breaking streak,...

...values. Additionally, increasing labor and material costs, as well as supply chain challenges, have caused new home construction costs to rise, so adding new inventory still poses an affordability challenge....

...their purchasing power has dwindled." Incomes are lagging further behind fast-rising mortgage costs, leading to the most significant affordability challenges in the past 15 years. The latest data available from...

...labor and materials shortages may finally be easing. Though significantly higher mortgage rates will undoubtedly weigh heavily on affordability and demand, continued above-normal profit margins reported by many builders suggests...

...investment," Tomb said. "The surge in interest rates will impact housing affordability as prospective monthly payments on a typical new mortgage will climb dramatically. While the overall expense to purchase...