...its record high over the summer. Overall, homebuying in 2023 was rough for most people due to the fact that affordability was at an all-time low due to severe lack...
Read More »Search Results for: Affordability
Sliding Mortgage Rates Renew Buyer Interest in November
...ease the affordability crisis, expand housing inventory, and lower inflation.” Realtor.com Chief Economist Danielle Hale added, “Pending home sales or contract signings measure the earliest formal step in the home...
Read More »U.S. Home Prices Gain for Ninth Consecutive Month
...with housing affordability has been a steady decline in the 30-year, fixed-rate mortgage (FRM). Freddie Mac has reported that after 17 consecutive weeks eclipsing the 7% mark, that the FRM...
Read More »Lower Mortgage Rates Boosting Buyer Confidence
...housing shortage, boosting new home production is the best way to ease the affordability crisis, expand housing inventory, and lower inflation.” CoreLogic Chief Economist Dr. Selma Hepp added, “While housing...
Read More »Creative Strategies to Drive the Market in 2024
...high interest rates combined with a reduction of inventory continues to push up housing costs. It doesn’t seem likely interest rates will go down significantly soon, either, so affordability will...
Read More »FHFA Increases the LIHTC Cap for GSEs
...objectives. In addition, the GSEs will only make LIHTC investments in projects that waive the qualified contract provision, ensuring the 30-year affordability period envisioned by the LIHTC program. Created by...
Read More »Affordability Expected to Improve in 2024
...is that housing affordability has already started to improve, and Redfin expects it to continue improving in 2024. “Many of the factors that made 2023 the least affordable year for...
Read More »Planet Home Lending Adds New VP, Construction Loan Manager
...great strides in helping low-income homebuyers through the Home Possible loan program. “We applaud our lender partners for helping borrowers overcome affordability challenges to achieve sustainable homeownership with our Home...
Read More »Affordability at a Tipping Point?
...common lending standards which pegs 30% of monthly income as the top of the affordability scale. Both measures—historical and current affordability—have stayed virtually the same from the third quarter to...
Read More »Monthly Mortgage Payments Moderate as Rates Decline
...Alaska (122.4), Connecticut (125.9), and New York (126.3). Homebuyer affordability increased for Black households, with the national PAPI decreasing from 176.9 in October to 171.8 in November. Homebuyer affordability increased...
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