...to See Growth In November 2023, rent growth in Midwest metros registered a rate of 2.0%. As the Midwest markets tend to have greater affordability, the stronger growth in these...

...the data. Rents have also cooled due to economic uncertainty and slowing household formation, along with intensifying affordability challenges driven by inflation and the pandemic surge in rents. Additionally, there...

...the rents are restricted to 30% of the designated income. The affordability restrictions would remain in place for up to 15 years after the compliance period (for a total 30-year...

...get closer. Mortgage rates could near 6.5% by the end of the year, a key factor in starting to provide affordability relief to homebuyers.” Voting for the monetary policy action...

...Last year’s dramatic uptick prompted Point2 to analyze its impact on affordability and the average living space that comes with it, with equally dramatic results. While yearly changes this time...

...by the Federal Reserve in 2023. With the steep rise in mortgage rates, shortage of home inventory, and affordability issues, home sales declined this year to decade-low levels. That’s based...

...a peak in October, when costs were up 9% annually and almost 120% above pre-pandemic levels. Affordability improved, too, with mortgage payments, as a share of household income, falling from...

...affordability for first-time homebuyers should they have to pay buyer’s agents’ commissions on top of the hefty upfront costs of homebuying. As artificial intelligence (AI) and machine learning (ML) continue...

...the recent volatility in mortgage rates, panelists expect future rates to decline meaningfully from the recent highs of 8%,” Duncan continued “This would obviously provide improved affordability for potential homebuyers,...

...with higher mortgage rates, elevated home prices make the prospect of homeownership unattainable for an increasing number of potential buyers. With affordability eroding, in the near term downpayment assistance programs...