...accounting for part of the rise in new home prices, NAHB Chairman Kevin Kelly said the recent study quote--highlights the real effects that building regulations have on housing affordability. ...
Read More »Search Results for: Affordability
As Housing Costs Rise, ‘Price-Out’ Effect Grows
...affordability." The association estimates every $833 increase in construction fees adds an additional $1,000 to a new home's final price. While "price-out" numbers were high at the national level, NAHB...
Read More »Mortgage Closing Costs Up 6% as Fees Climb
A new survey shows average mortgage closing costs have jumped over the last year, creating more hurdles in a market where declining affordability is already becoming a growing challenge. According...
Read More »June Existing-Home Sales Reach Eight-Month High
...of low interest rates," Yun said. "Income growth below price appreciation will hurt affordability." As home prices continue to grow year-on-year, stagnant wages have created affordability concerns. For all housing...
Read More »Despite Gains, Recovery Still in ‘Middle Innings’
...buy into the market with bargains that should allow an earlier buildup of equity. "This will be critical to maintaining home affordability over the coming years, especially as mortgage interest...
Read More »June Housing Starts Down 9.3%
...share of new construction in the South has been made up of lower-priced homes, but the market may be bumping up against affordability constraints," IHS said. "Until the mix of...
Read More »Home Values Expected to Depreciate in 20% of U.S. Markets
...modeling and the developer of VeroFORECAST. "Inventories in both are down 70 percent from their peak in 2008 and demand is outstripping supply, leading to price run-ups and decreased affordability...
Read More »Homebuyers, Sellers Struggling to Adapt to Market Changes
...appear to have traded one set of problems—low inventory and economic uncertainty—for another: affordability and financing challenges. According to survey responses, the greatest hurdle for buyers today is declining affordability,...
Read More »Mortgage Rates Dig In for Holiday Weekend
...the second straight week, "which should provide some help with homebuyer affordability in many markets," said Frank Nothaft, chief economist for Freddie Mac. Last year, the 30-year FRM averaged 4.29...
Read More »NAR: HAWK Program Could Do More
...who participate in housing counseling that covers how to evaluate housing affordability and mortgage alternatives, financial advice, and the rights and responsibilities of home ownership. FHA announced the program in...
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