...fall as quickly in the months ahead, and the anticipated improvement in affordability may be more uneven." New Listings Increase in January More than half of the 50 metros included...
Read More »Search Results for: Affordability
Housing Shortage, Affordability Challenges Hindering Buyers
...Joint Center for Housing Studies. Research showed that the vast majority of specialists agree that the country's affordability issues stem from this shortfall. Their methods can be used to determine...
Read More »Survey: Homeownership Remains Elusive for Baby Boomer Renters
...come?" The NeighborWorks' survey on housing affordability spotlights a need for homebuying resources to help renters see that homeownership is still possible. A majority of long-term renters (55%) say there's...
Read More »No Change in Winter Interest Rates
...housing.” “According to the latest RHPI reflecting November 2023, affordability as measured by the RHPI improved modestly on a monthly basis, but leaped 11% on an annual basis. Two factors...
Read More »Freddie Mac Multifamily on Track to Exceed Affordable Housing Goals
...supporting affordability, in a difficult market like this one, when other liquidity providers step back, Freddie Mac Multifamily remains a steady provider of market rate loans, helping to support liquidity...
Read More »Homebuyers Nationwide Gaining More Purchase Power
...purchased in October 2023 with an average rate of 7.8%. Analyzing affordability from another perspective, the monthly mortgage payment on the typical U.S. home, which currently costs roughly $363,000, is...
Read More »Buyers Willing to Purchase Tiny Homes, Fixer-Uppers to Attain Homeownership
...or Townhome Twenty-eight percent of respondents indicated they would purchase a condo, attached home, or townhome. A majority (68%) of them would do so to achieve more affordability. Additional reasons...
Read More »Think Tank Reveals Six Key Findings on Today’s Rental Market
...at a rate of of just 0.4% year-over-year. Second, affordability is wore than ever before. While markets are cooling, rents are still well above pre-pandemic levels meaning affordability conditions are...
Read More »December Pending Home Sales Cross 8% Mark
...consumers benefit from falling mortgage rates and stable home prices," said Lawrence Yun, NAR chief economist. "Job additions and income growth will further help with housing affordability, but increased supply...
Read More »Home Affordability Got a Boost in Time for Christmas
According to the Mortgage Bankers Association's (MBA) latest Purchase Applications Payment Index (PAPI), homebuyer affordability improved in December. The report showed that in November, the national median payment for purchase...
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