...Keeping pace with the hike in mortgage rates is the price of homes, which continue to outprice most first-time buyers and are causing affordability issues for many. Redfin reports that...

...rates." Affordability concerns remain for buyers, especially first-time buyers struggling to save for a down payment, as Redfin recently reported that housing prices jumped the most since summer 2021—up 17%...

...and metropolitan areas, which are adjusted based on income, interest rates, and home-buying power. The ultimate goal of this is to provide a clearer picture of housing affordability. According to...

...year ago. One of the traditionally big benefits of condos was their affordability, and that is driving part of the demand the market is currently seeing. In comparison, a single-family...

...that a near record low inventory of 870,000 units was recorded in February nationwide, a 1.7 month’s supply. “The persistent and historic lack of supply and growing affordability challenges are...

...said Terry Loebs, the founder of Pulsenomics. "If price increases this year for homes, rents, energy, and food each exceed wage growth—as the panel expects—home affordability challenges will intensify further,...

...ago at this time, the five-year ARM averaged 2.84%. Evidence of affordability issues can be seen in the latest mortgage application volume report from the Mortgage Bankers Association (MBA), as...

...(94.8), Iowa (101.2) and Wyoming (104.1). Homebuyer affordability decreased for Black households, with the national PAPI increasing from 140.0 in January to 151.6 in February. Homebuyer affordability decreased for Hispanic...

According to the Realtor.com Monthly Rental Report, new rental data shows affordability issues are on the rise, as Americans spent an average 30% of their monthly budgets on rents in...

...median sales price of new houses sold in February 2022 was $400,600, with the average sales price hitting $511,000. “Affordability is a growing challenge as higher new-home prices and rising...