...the 30-year fixed-rate mortgage exceeded 7% was last November. Demand has been impacted by affordability headwinds, but low inventory remains the root cause of stalling home sales.” Also this week,...

...consecutive months. There remains pent-up demand in the housing market, but with mortgage rates approaching 7%, potential home buyers are feeling the pinch of declining affordability. Yet, despite the mortgage...

...affordability conditions.” MBA estimates that new single-family home sales, which have consistently been a leading indicator of the U.S. Census Bureau’s New Residential Sales report, were running at a seasonally...

...average of five years before purchasing a home, as 37% of respondents intentionally delayed their homebuying journey due to affordability, being intimidated by the homebuying process, or other personal reasons....

According to First American Financial Corporation, housing affordability fell relative to one month ago as two of three key drivers of the Real House Price Index (RHPI), nominal house prices...

...of homes for sale in high-opportunity neighborhoods last year were deemed affordable on their metro area’s median income, compared with 31.7% in low-opportunity neighborhoods. While affordability has fallen across the...

...trend lines, falling about 6.5% from June to July. Sales of existing homes, constrained by affordability challenges and a lack of homes on the market, are down about 15% year-over-year....

..."Affordability challenges are easing due to moderating and, in some cases, falling home prices, while the number of jobs and incomes are increasing." Compared to a year ago, the national...

...buyers are struggling with lingering affordability issues, but homeowners are on solid footing. “While elevated mortgage rates continue to pose a significant challenge to affordability, today’s homeowners are still in...

...which continue to pay dividends in terms of both performance and overall economic benefit. While affordability for prospective homebuyers is nearly the worst it's been in 37 years, low interest...