...historically low mortgage rates fades and the potential for slightly lower mortgage rates further improves affordability,” said Mark Fleming, Chief Economist at First American. The First American Data & Analytics’...

...including poor housing affordability, high rent, and mounting student loan debt. This phenomenon is still occurring as record numbers of young adults are staying put and living with their parents...

...months, fell in October as mortgage rates reached 20-plus-year highs. Though housing affordability is likely to persist as a key challenge to prospective buyers next year, we expect that the...

...top retirement town. West Chester also ranked first among college towns, with Kent, Ohio, coming in just behind it. "Affordability was the word on home shoppers' minds this year, and...

...to continue if mortgage rates continue to fall. However, the same dynamics that kept home sales in 2023 at their lowest level since the Great Financial Crisis, including affordability challenges,...

...shortage, boosting new home production is the best way to ease the affordability crisis, expand housing inventory, and lower inflation.” With mortgage rates still running above 7% throughout November, many...

...mortgage affordability today is the worst it has been since 1981 when mortgage rates hit a record high of 18.38%. But how can this be when current rates are less...

...level since 2010 as a result of the higher mortgage rate environment. Rising mortgage rates reduce affordability, all else held equal, for buyers and strengthen the rate lock-in effect for...

...the coming year? Blake Gibson: Affordability will remain a persistent challenge in 2024. While interest rates are expected to soften, limited inventory and strong demand will support price growth. Together,...

...that same uncertainty is causing many of them to get cold feet, Stein said. Even though mortgage rates have dropped, housing affordability remains strained, meaning a lot of buyers still...