Inventory and affordability constraints, along with uneven regional numbers, hampered what was supposed to have been a boost to mortgage activity in June, leaving pending home sales slightly up but...

...thing helping affordability, however. “Rising household incomes and falling mortgage rates strengthened consumer house-buying power and affordability in many major metropolitan markets in June,” said Fleming. “Improving affordability for consumers...

...we’ve seen in some time and most likely reflects accumulated pressures from significantly reduced home affordability.” That reduced affordability has finally trickled down to existing-home sales, which reversed their course...

...economist, said existing sales fell off track in July after steadily climbing the last four months. “Severely restrained inventory and the tightening grip it’s putting on affordability is the primary...

...second quarter; in June, both new and existing-home sales rose to post-crisis highs. But tight inventory from a lack of new construction continues to create affordability challenges, particularly at the...

...an expansion.” Duncan added that tight inventory from a lack of new construction continues to create affordability challenges, particularly at the lower end of the market, where first-time buyers are...

...is about 14 percent. The remainder are likely not buying due to affordability, particularly in markets such as New York City. One of the issues making affordability tough to measure,...

Home price appreciation in the second quarter largely negated a modest reduction in interest rates, driving housing affordability down, according to the latest National Association of Home Builders/Wells Fargo Housing...

Home price appreciation in the second quarter largely negated a modest reduction in interest rates, driving housing affordability down, according to the latest National Association of Home Builders/Wells Fargo Housing...

...home sales market are increasingly hampering first-time home buyer affordability, and endangering the budding recovery in young-adult homebuying demand.” Simmons added that “mounting affordability challenges at a time when the...