...respondents reporting household income growth over the year and a higher percentage saying their incomes remained the same.” “The combination of persistent affordability challenges and less rosy household finances remain...
Read More »Search Results for: Affordability
AI Advancements Leading the Charge
...to those that have larger balance sheets and infrastructure to drive growth. Rates are obviously another obstacle. A dip in rates might provide some relief when it comes to affordability,...
Read More »Are These the Most At-Risk U.S. Housing Markets?
ATTOM has released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, foreclosures, underwater...
Read More »A “Perfect Storm” in 2023 Caused an Affordability Crisis for the Ages
...history,” said Redfin Senior Economist Elijah de la Campa. “The good news is that affordability is already improving heading into the new year. Mortgage rates are coming down, more people...
Read More »Congress Examines Governmental Barriers to Housing Affordability
...the continuing affordability challenges that many currently face in both the single-family housing and rental markets. Witnesses provided testimony on the factors that have contributed to those affordability challenges, particularly...
Read More »Homebuyers to Catch a Break In 2024?
...homebuyer’s monthly payment is only about $150 shy of its all-time high. Home prices will still be out of reach for many Americans, but any break in the affordability crisis...
Read More »Despite Current Conditions, Most Americans Think Owning a Home Is Likely
...California; Springfield, Massachusetts; Worcester, Massachusetts/Connecticut; Grand Rapids-Kentwood, Michigan; and Los Angeles-Long Beach-Anaheim, California. Most of this year's Top Markets offer relative affordability compared to the national median home price—especially in...
Read More »Share of Prospective Homebuyers Waiting for Market Conditions to Improve Declines
...motivated them to move from one state to another: Cost of living – 60% Career/job reasons – 44% Family and relationships – 37% Affordability of housing– 33% Safety concerns –...
Read More »Clearing the Path for Today’s Homebuyers
...them in the door. New policy measures, such as those aimed at increasing housing supply and affordability for first-time buyers, could also have an impact, but we’ll have to wait...
Read More »Inventory Will Remain Challenging, But More Options Should Manifest in 2024
According to new predictions from Zillow, affordability will continue to remain a challenge for the foreseeable future, but they now predict that conditions will improve at some point in 2024,...
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