...simply be bogged down by affordability issues and out of the buyer’s marketplace. “The surge in housing values has turned many homeowners into millionaires, but has pushed homeownership out of...
Read More »Search Results for: Affordability
Expert Insights: Inventory Levels, Fed Rates, & More
...will create an affordability challenge on the other side of the equation which will lead to less competition on the demand side and this may slow home price appreciation. What...
Read More »High Home Prices Fueling Consumers Desire to Sell
New data released shows the Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints still continue to lead consumers’ outlook of...
Read More »When the Shelves Run Bare
...this will eventually lead to buyers opting out of the market due to affordability issues. This may already be happening, as many newly formed households are renting rather than buying—despite...
Read More »Declining Affordability Can be Remedied by Remote Work
2021 was not great in terms of affordability. As the median house price rose to $358,000 last year, affordability decreased in broad strokes across the country. While this was true...
Read More »Listing Prices Grow at Double-Digit Annual Pace Nationwide
...Chief Economist Danielle Hale. Housing affordability is increasingly an issue for 2022 buyers, partly due to climbing mortgage rates, which reached the highest level in nearly three years within the...
Read More »Affordability Remains Greatest Obstacle for Millennials
...remain optimistic and are still finding ways to save for a home and get into the real estate game. So what are millennials looking for? Affordability, for one. “Surveys of...
Read More »JPMorgan Chase Commits $12 Million to Minority Households
JPMorgan Chase announced five organizations will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for underserved households, particularly in Black,...
Read More »Purchase and Refi Apps Continue to Tumble
...rates since January further eroded buyer affordability and is expected to slow price gains in coming months.” By loan type, the MBA reported that the FHA share of total applications...
Read More »As the Pandemic Wanes, Remote Work Will Remain Popular
...residence will be determined by affordability and personal preferences.” Nationally, office jobs account for about 22% of the workforce. Prevailing data from the HaMMR report shows workers have taken advantage...
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