Just 21% of homes qualified as affordable to the average American as low inventory and rising interest rates are keeping people put.
Read More »As Home Prices Slow, Affordability Remains Dismal
“Now that home prices have plateaued and even declined in some markets, buyers are faced with mortgage rates that have doubled, making home purchases even less affordable,” said Rick Sharga, EVP of Market Intelligence at ATTOM.
Read More »Homebuyers Find Affordability Relief
Zillow reports that monthly mortgage payments retreated in November, but numbers are still up more than 60% over the past year.
Read More »Affordability will be Driving Housing Market Force in 2023
"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.
Read More »Freddie Mac Expands Efforts to Boost Affordable Housing
New annual allowance from the GSE will assist in the development of housing and workforce housing units to expand the affordable housing supply initiative nationwide.
Read More »Home Prices Back Away From All-Time High
Affordability issues are officially taking a toll on the market as the average asking price of a newly listed home is off 1.5% from its peak in spring in ...
Read More »Affordability in Question as Mortgages Get More Expensive
Another shocking record high has been reported by Zillow’s May 2022 Market Report as mortgage payments are now higher than rent in 40 of the 50 largest metropolitan areas. ...
Read More »Mortgage Rates Continue Upward Climb, Hit 14-Year High Point
After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.
Read More »White House Issues Plan to Combat Housing Supply Limitations
The Housing Supply Action Plan, announced by the Biden-Harris Administration, hopes to ease costs by boosting the supply of quality housing in communities across the country.
Read More »Home Purchase Sentiment Falls to Lowest Level Since 2020
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and ...
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