...affordability remains an obstacle for Americans nationwide, "house poor” is a term that refers to families that spend 30% or more of their gross income on housing costs. According to...
Read More »Search Results for: Affordability
Accessory Dwelling Units Offer Relief from Housing-Related Challenges
...in a new JCHS report that Accessory Dwelling Units (ADUs) have the potential to address housing-related challenges such as affordability, equity, and sustainability. ADUs are small, independent living units that...
Read More »Consumers Reveal Their 2024 Mortgage Rate Expectations
...outlook among consumers may signal an expectation that home affordability pressures will ease in 2024," said Palim. "Homeowners have told us repeatedly of late that high mortgage rates are the...
Read More »Uptick in Housing Supply Pushing Rents Downward
...a second look,” said NAHB Chairman Alicia Huey. “With the nation facing a considerable housing shortage, boosting new home production is the best way to ease the affordability crisis, expand...
Read More »Rise in New Listing Volume Suggests Positive Trends in 2024
...Federal Reserve keeping rates steady in December and mortgage rates dropping slightly, affordability has marginally improved. As a result, the market saw the first signs of positive activity in terms...
Read More »Will Housing Affordability Improve in 2024?
The Big Apple remains hot! Buffalo, New York, will be the hottest major housing market this year, according to a new Zillow study. New data found that affordability is the...
Read More »Freddie Mac: Mortgage Rates to Continue ‘to Drift Downward’ in the New Year
...shortage, boosting new home production is the best way to ease the affordability crisis, expand housing inventory, and lower inflation.” Jones added, “Pending home sales leveled off in November, matching...
Read More »2024 Housing and Economic Conditions: Headed in the Right Direction?
...homebuyer demand, though persistent affordability challenges will continue to make buying difficult for many. This means that even if this year’s housing market is more active than 2023’s, it’s unlikely...
Read More »Here to There: Insights From Latest National Movers Study
...decisions to move and accelerated existing moving patterns in 2020, mostly driven by the opportunity to work remotely, the desire to be closer to family and better affordability," Michael A....
Read More »Mortgage App Volume Declines as Tumultuous Year Comes to a Close
...of total applications increased to 0.5% from 0.4% the week prior. In addition to affordability issues, one of the struggles encountered by those seeking homes in 2023 was the lack...
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