...most difficult affordability conditions in nearly 40 years due to limited inventory and rising mortgage interest rates,” said Jessica Lautz, NAR’s Deputy Chief Economist and VP of Research. “The impact...
Read More »Search Results for: Affordability
Economic Strength Keeping Mortgage Rates Above 7% Mark
...with mortgage applications in the first full week of September falling to lows last seen in 1996,” said MBA President and CEO Bob Broeksmit. “Persistent affordability and housing inventory pressures...
Read More »Top American Suburbs for First-Time Homebuyers
...data-supported ranking of the best—based on metrics such as housing affordability, inventory, job market and livability (climate risk, entertainment and dining, and so forth)—for first-time buyers. Bel Air topped the...
Read More »1 in 3 Sellers Are Relocating for More Spacious Homes
...rate now at 7.12%. Despite record-high mortgage rates and ongoing affordability concerns, the report revealed 616 respondents indicated that they’re still likely to sell their home and move within the...
Read More »Mortgage Activity Falls as Rates Rise to Two-Decade Highs
...affordability tamped demand down to numbers not seen since the 1980s. As reported in Black Knight's August Mortgage Monitor report, signs of credit tightening have been seen in rising down...
Read More »Renting vs. Buying: Examining the Cost of Homeownership
...of 2023, it was cheaper to rent than to own nationally and in 27 of the top 50 U.S. markets. The Affordability Shift from Homeownership to Renting What goes into...
Read More »Digitalization and the Need for a National Zoning Atlas
...obstacles. In a new white paper called “Data-Driven Multi-Scale Planning for Housing Affordability” by Paul Waddell and Arezoo Besharati calls out growing concerns about housing affordability which have spurred the...
Read More »Florida Markets Remained Fairly Competitive During Peak Rental Season
...that Miami's competitiveness is spreading to the surrounding counties. The Midwest is the next hot spot for renters seeking more affordability Apartments in the Midwest have been in high demand...
Read More »Generation Z Feeling Crunch of Affordability Concerns
...they will ever afford to buy or own a home. The ongoing crisis of affordability is the number-one barrier to homeownership for younger Americans, according to Redfin. About half of...
Read More »Q2 Housing Affordability Down Across Large U.S. Metros
...that decreased affordability. Pittsburgh was back to being the only metro where homes are listed within the affordability range at 2.9 times first-time homebuyer income. Other relatively affordable metros include...
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