...continued struggle with affordability, as the Mortgage Bankers Association (MBA) found that overall mortgage application volume fell 4.2% week-over-week, as new purchase apps hit levels not seen since April of...
Read More »Search Results for: Affordability
Affordability Challenges Persist as Mortgage App Payments Remain Flat
...and New York (136.9). Homebuyer affordability increased slightly for Black households, with the national PAPI decreasing from 176.3 in June to 174.7 in July. Homebuyer affordability increased slightly for Hispanic...
Read More »Hottest U.S. ZIP Codes Offer Homebuyers More Space, Shorter Commutes
...and amenities within reach of a nearby city center." Affordability Remains a Driving Factor for Home Sales Activity The presence of zip codes within higher-priced major metros on Realtor.com's list...
Read More »Number of Younger Buyers Purchasing for First Time Jumps
...gap, and they're competing against each other for the limited number of affordable starter homes on the market." It’s no secret that affordability is the greatest hurdle for first-time home...
Read More »Home Purchase Apps Drop to Near 30-Year-Low
...the elevated rate environment and the erosion of purchasing power. Low housing supply is also keeping home prices high in many markets, adding to the affordability hurdles buyers are facing.”...
Read More »Fannie Mae Experts Weigh in on Possibility of Economic ‘Soft Landing’
...sale combined with continued affordability constraints and homeowners remaining “locked in” to their low mortgage rate. Alternatively, if the economy enters a recession, improvements in affordability and inventory stemming from...
Read More »Congresswoman Waters Voices Concerns Surrounding ICE, Black Knight Merger
...ICE acquisition of Black Knight. “As our nation continues to grapple with crisis-level housing affordability and supply issues, it is vital that the federal government does not create conditions that...
Read More »Total Housing Inventory Ticks Up as Existing-Home Sales Fall
...“Most homeowners continue to enjoy large wealth gains from recent years with little concern about home price declines,” said Yun. “However, many renters are concerned as they’re facing growing affordability...
Read More »Home Builder Confidence Wanes in August
...eroded housing affordability, and put a damper on consumer demand. “Rising mortgage rates and high construction costs stemming from a dearth of construction workers, a lack of buildable lots and...
Read More »Median Rent Prices Fall for Third Consecutive Month
...Ohio; Minneapolis; Cincinnati; and Kansas City, KS. South and West affordability improves, Midwest rents rise While rents in the South and West remain high, these areas show improved affordability, following...
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