...December 28. Lawrence Yun, Chief Economist for NAR, states that there was competition among homebuyers due to the lack of inventory available on the market and home price affordability for...

...growth is not keeping up with home price gains, which is hindering affordability. According to ATTOM Data Solutions’ Q4 2016 Home Affordability Index, based on the percentage of average wages...

...mortgage origination activity will increase slightly, but the composition will shift to a purchase-dominated market—unlike any mix we have seen since the 1990s.” Buyers will still be facing affordability challenges...

...news on the affordability front. “While rising rates reduce affordability for potential first-time homebuyers, the expected moderation of price appreciation will align house price growth more closely with recently increasing...

...continued strong home price appreciation are likely to present affordability challenges to home buyers, especially for young adults who are looking to enter the housing market for the first time,”...

One way to solve the ongoing shortage of available homes for sale, which has put consistent upward pressure on home prices and caused some affordability issues due to price appreciation...

The big storylines of the 2016 housing market have been short supply and declining affordability, particularly toward the end of the year as mortgage interest rates have risen. Despite these...

Recent analysis indicates that first-time homebuyers may run into some affordability issues in 2017 if low supply continues to put upward pressure on prices, combined with rising mortgage rates. Not...

...property maintenance responsibilities of homeownership and tenancy fair housing laws and requirements housing affordability avoidance of, and responses to, rental and mortgage delinquency and avoidance of eviction and mortgage default...

...creations, existing home sales are expected to see little expansion next year because of affordability tensions from rising mortgage rates and prices continuing to outpace income growth,” said Yun. Despite...