...Survey (NHS) into a single number, measuring their current views and forward-looking expectations of housing market conditions. The HPSI found consumers still concerned about housing affordability, with the “Good Time...
Read More »Search Results for: Affordability
Mortgage Lending Plummets Nationwide in Q1
...smaller home-seller profits and declining home affordability. Overall lending activity decreased from Q4 of 2021 to Q1 of 2022 in 213 –or 99%– of the 216 metropolitan statistical areas around...
Read More »Mortgage Application Volume Falls to 22-Year Low
...a slight increase last week.” As affordability pressures linger, a combination of high rates and record high home prices are sending buyers back to the sidelines, as the latest Fannie...
Read More »New Home Purchase Apps Drop Nearly 11% in April
...“Higher rates and sales prices and larger loan sizes are eroding housing affordability and pricing some buyers out of the market.” Freddie Mac reported that the 30-year fixed-rate mortgage (FRM),...
Read More »Homebuyers Feeling Pressure of Higher Home Prices, Mortgage Rates
...Surveyed consumers continue to express concerns about housing affordability, with the “Good Time to Buy” indicator reaching a new survey low, as 79% of respondents reported that now is a...
Read More »Mortgage Holders Gain Record $1.2 Trillion in Tappable Equity
Rising home prices and unpredictable interest rates continue to complicate affordability pressures in the housing market. However, the same dynamics have also served to increase the housing wealth of American...
Read More »Is This the Beginning of a Buyer’s Market?
...their homes amid rising interest rates and growing affordability concerns. Pending sales in May posted their largest declines since the pandemic took hold of the economy two years ago. Inventory...
Read More »MBA Sees New Mortgage Payments Rise
...Vice President, Housing Economics, and Executive Director, Research Institute for Housing America. “Despite strong employment and wage growth, housing affordability has worsened since the start of the year. Mortgage payments...
Read More »30-Year FRM Reaches Nearly 5.5%
...“Mortgage rates continued to inch downward this week, but are still significantly higher than last year, affecting affordability and purchase demand,” said Sam Khater, Freddie Mac’s Chief Economist. “Heading into...
Read More »Real House Prices Increase Nearly 33% YoY
...power, it was not enough to offset the affordability loss from higher mortgage rates and fast-rising nominal prices. “Reduced affordability prompts some buyers to pull back from the market and...
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