While each homeowner’s total cost is different, of course, examining broad categories of homeowners and analyzing their costs, can provide insights into the drivers of housing affordability. Here’s what a new study by Fannie Mae reveals.
Read More »Who Is Bearing the Brunt of Supply Chain Issues?
With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.
Read More »After Week of Declines, Mortgage Rates Back on the Rise
Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.
Read More »Declining Affordability Can be Remedied by Remote Work
The fact that remote work is sticking around means homebuyers can leverage their newfound freedom if affordability becomes an issue.
Read More »Affordability Remains Greatest Obstacle for Millennials
Weathering the pandemic, Millennials are finding ways to get into the real estate market despite inventory and affordability constraints.
Read More »Mortgage Rates Ease Back After Quick Rise
After taking a giant leap toward the 4% mark, mortgage rates scaled back this week, as most economists feel home price growth will remain firm before cooling off later this year.
Read More »Median Prices Rise in the Least Affordable Metros
Austin, Texas saw the biggest home price increase of any metro area in the U.S. in 2021, with home prices rising 35.5% year-over-year, according to a new OJO study.
Read More »Affordability Worsens as Prices and Rates Climb
First-time buyers spent an average of 25.6% of their household income on mortgage payments, making a home purchase unaffordable.
Read More »Black-Owned Firms Hired to Distribute Bond Issuances
Citi announced that it worked exclusively with five Black-owned firms to distribute a $2.5 billion bond issuance, reinforcing the firm’s commitment to increasing racial equity in the capital ...
Read More »The Housing Market Soaring to New Heights in 2022
Homes are selling 16% quicker than they were in 2021, with the median-priced home spending an average of just 47.7 days on the market.
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