...available just a few short months ago. Affordability remains a concern, but homebuyers are regaining some control which has been long overdue." Expert Tim Yee, President and Broker of RE/MAX...
Read More »Search Results for: Affordability
Fannie Mae Predicts Lower Home Sales, Originations in 2022-2023
...felt widely as employment growth slows and stock market valuations fall,” Duncan said. “Nowhere is this more evident than in housing affordability measures, with the prospective monthly payment on a...
Read More »Study Finds Americans Possess Minimal Knowledge of Housing Matters
...should start with a mortgage calculator and Zillow's affordability tools to understand what goes into a mortgage payment and what they can realistically afford on a monthly basis. See if...
Read More »Mortgage Rates Surge Ahead of Fed Rate Increase
...19% year-over-year. “Single-family home building is slowing as the impacts of higher interest rates reduce housing affordability,” said Jerry Konter, Chairman of NAHB and a home builder and developer from...
Read More »Florida Tops Most Popular Relocation Destinations Again
...the pandemic-driven frenzy, many homebuyers are keen on moving from one part of the country to another. That’s largely because homebuyers are chasing affordability, moving to places like the Southwest...
Read More »Mortgage Application Volume Rebounds
...in less demand, as the share of ARM activity this week decreased to 8.1% of total mortgage applications. And as the forces of affordability continue to wage their war on...
Read More »Fed Makes Historic Rate Hike to Combat Inflation
...And further mortgage rate increases will push that figure higher. Data suggests that many shoppers are rethinking their housing budgets, with some of those who can’t relocate to find affordability...
Read More »Playing the Waiting Game
...foresee housing affordability issues lingering throughout the remainder of 2022, or do you think the issue will extend beyond? Kushi: Affordability will likely worsen before it improves. While nominal house...
Read More »Market Cools as Home Sales Moderate, Price Growth Eases
...housing costs continue to present a mixed bag of affordability issues. The updated forecast anticipates a summer break from the intense pace of home sales that will provide space for...
Read More »Rising Rates Driving Homebuyer Urgency
...mortgage rates much higher now, we expect to see waning buyer activity because of eroding affordability. Consequently, our forecast projects slowing price growth over the coming year.” Top Takeaways: U.S....
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