...as the purchase market continues to struggle with supply and affordability challenges,” said Kan. As those supply and affordability issues linger, the Biden Administration recently unveiled the Housing Supply Action...
Read More »Search Results for: Affordability
Sun Belt Leads in Construction, But National Inventory Still Lags
...3% to over 5% in recent months. Building more homes is one of the best ways to ease the affordability crisis. “If there had been enough homes at the start...
Read More »Pending Home Sales Continue Downward Slide
...homes are still selling swiftly–generally seeing a contract signed within a month." A new phenomenon has emerged where affordability has tied the hands of many would-be buyers, and they wind...
Read More »Rate Volatility and Economic Instability Drive Down Mortgage Apps
...16% lower than the same week one year ago. And while mortgage rates slipped slightly last week to 5.25%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS), affordability and...
Read More »Sandra Thompson Officially Named Head of FHFA
...system face historic challenges, including critical questions related to housing affordability, accessibility, and inventory. We look forward to working with her and the entire FHFA to identify solutions that will...
Read More »Home Value Growth Heightens in Suburbs
...force behind this shift, prompting home buyers to prioritize affordability and space over a short commute. More than half of the gain in U.S. home prices since late 2019 can...
Read More »New-Home Sales Continue Downward Trajectory
Whether it be a higher rates, a dip in inventory or overall affordability, the nation’s new residential sales dropped 16.6% month-over-month for the month of April 2022, according to the...
Read More »Op-Ed: Ukrainian Crisis Reminds Us That Our Heroes Remain UnderservedÂ
...very communities, but market conditions make homeownership a continuing struggle. Setting aside rising interest rates, lack of supply and falling affordability, the salaries of working-class heroes, be it police officers...
Read More »Renters Struggling to Stay Afloat Amid Rising Costs
...14th month in a row. These trends highlight affordability struggles reported by renters in Realtor.com's recently published Avail Quarterly Landlord and Renter Survey, which found higher rents are increasingly cutting...
Read More »Report: Origination Activity to Total $2.7 Trillion in 2022
...in the absence of an economic downturn." "Rising mortgage rates are reducing affordability through higher mortgage-related costs, all while house prices continue to grow. Historically, rapid and substantial rises in...
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