...trend in single-family housing starts alongside improving builder sentiment is an encouraging sign for the housing market,” added Kushi. “While headwinds remain, notably ongoing affordability constraints, the green shoots of...
Read More »Search Results for: Affordability
Affordability, Inventory Still Weighing on Gen Z
...previous home. The good news though, is that 2024 is looking to be a better year in terms of affordability than 2023 was. According to Freddie Mac, mortgage rates have...
Read More »Lenders Cannot Afford to Ignore Affordable Lending
...them. There are many misconceptions about homebuying and homeownership today—especially regarding affordability. Most borrowers or other hopeful homebuyers believe that they must put 20% down to buy a home, some...
Read More »Mortgage Rate Lock-In Effect Starting to Slip
...things, as we've seen in recent weeks, and they'll play a massive role in determining appreciation and affordability—especially for first-time buyers—going forward in 2024," said Skylar Olsen, Zillow’s Chief Economist....
Read More »Rising Rates Slowed Q4 Home Price Growth
...third quarter. On a non-seasonally adjusted basis, home prices increased by 0.4% in Q4 2023. "In the current supply-constrained housing market, any changes to the fundamentals of affordability are going...
Read More »Where Can the Average American Afford a Studio Apartment?
...apartment in New York stands at $3,550, demanding a monthly income of $11,833 for comfortable affordability. In Boston, the second-ranked city for studio rents, the cost hits $2,590 per month,...
Read More »Housing Affordability Remains a Critical Concern
...commercial properties but also multifamily property owners as well as urban downtowns, other property sectors, and any neighborhood that depends on vibrant local office markets. Housing affordability remains a primary...
Read More »Buyers Looking Forward to Homeownership in 2024
...forecasted price growth, and good company of similar-aged peers. Affordability: As one of the biggest purchases consumers will make in their lives, affordability is a major decision-driver. In its analysis,...
Read More »2024 Brightens for Homebuyers
...and an increase of new homes. The affordability factor will hit first time home buyers especially hard. Affordability worsened significantly in 2023, with both mortgage rates and home prices rising....
Read More »Affordability Drove Migration in 2023
...five metro areas that saw the largest net migration gains according to the United Van Lines data were relatively affordable markets in the South, Midwest and Northeast. Although housing affordability...
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