An anticipated rise in inventory and decline in mortgage rates are expected to ease affordability concerns for many as we enter 2024.
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Affordability at a Tipping Point?
"The good news is that home affordability has stopped getting tougher around the U.S., at least for the moment. The bad news is that owning a home remains more of a financial stretch than it's been for many years," said Rob Barber, CEO for ATTOM Data.
Read More »Home Affordability Finds New Low
Just 21% of homes qualified as affordable to the average American as low inventory and rising interest rates are keeping people put.
Read More »The Black-White Affordability Gap for Renters Widened in 2020
New experimental data from the American Community Survey revealed that cost burdens rose the fastest among families headed by a Black person, as Black renter household rates increased an overall 3.5 percentage points, reaching 51% in 2020.
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